Navitas Semiconductor (NASDAQ:NVTS) Shares Down 9.4% - What's Next?

Key Points

• Navitas Semiconductor's shares dropped by 9.4% to $13.61, with trading volume significantly increasing to over 54 million shares compared to the average of 26 million.
• Wall Street analysts have given Navitas mostly hold ratings, with price targets ranging significantly, reflecting uncertainty in the stock's future performance.
• Despite a $14.49 million revenue report for the last quarter, the company's quarterly revenue declined by 29.2% compared to the same period last year, indicating ongoing financial challenges.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) fell 9.4% during trading on Wednesday . The company traded as low as $12.47 and last traded at $13.61. 54,330,469 shares traded hands during mid-day trading, an increase of 105% from the average session volume of 26,510,033 shares. The stock had previously closed at $15.03.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVTS. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target for the company. in a research note on Tuesday, August 5th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Rosenblatt Securities lowered Navitas Semiconductor from a "buy" rating to a "neutral" rating and raised their price target for the stock from $4.00 to $12.00 in a research note on Monday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.32.

Navitas Semiconductor Trading Down 9.5%

The company's 50 day moving average is $7.71 and its 200-day moving average is $5.92. The company has a market capitalization of $2.90 billion, a P/E ratio of -20.92 and a beta of 3.03.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The company had revenue of $14.49 million during the quarter, compared to analyst estimates of $14.43 million. During the same period last year, the business earned ($0.07) EPS. Navitas Semiconductor's quarterly revenue was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Ranbir Singh purchased 18,645,603 shares of Navitas Semiconductor stock in a transaction dated Monday, July 28th. The stock was purchased at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the acquisition, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian Long sold 750,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00. Following the transaction, the director owned 2,670,991 shares of the company's stock, valued at $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,705,596 shares of company stock valued at $16,096,333 over the last 90 days. Corporate insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of NVTS. Vanguard Group Inc. increased its holdings in Navitas Semiconductor by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after buying an additional 123,598 shares in the last quarter. Geode Capital Management LLC increased its holdings in Navitas Semiconductor by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock worth $21,882,000 after buying an additional 124,594 shares in the last quarter. Invesco Ltd. increased its holdings in Navitas Semiconductor by 75.2% in the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after buying an additional 1,376,205 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock worth $10,510,000 after buying an additional 1,492,512 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Navitas Semiconductor by 1,742.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock worth $9,356,000 after buying an additional 1,350,857 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors.

About Navitas Semiconductor

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.

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