Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up - Still a Buy?

Key Points

• Navitas Semiconductor shares gapped up from $6.43 to $6.81 before last trading at $7.17, with a high trading volume of 16,973,715 shares.
• Equity analysts have mixed opinions on the stock; three rated it a "buy," three a "hold," and one a "sell," with a consensus rating of "hold" and an average price target of $5.65.
• Insider trading activity includes a significant purchase of 18.6 million shares by Director Ranbir Singh at an average price of $8.79 and a sale of 500,000 shares by Director Brian Long at $6.11.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $6.43, but opened at $6.81. Navitas Semiconductor shares last traded at $7.17, with a volume of 16,973,715 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a research report on Tuesday, June 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Finally, Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.65.

Navitas Semiconductor Stock Performance

The stock has a market capitalization of $1.54 billion, a P/E ratio of -11.13 and a beta of 3.00. The stock has a 50-day simple moving average of $6.76 and a 200 day simple moving average of $4.96.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted 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 return on equity of 18.16% and a negative net margin of 182.63%.The business had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. During the same period last year, the company earned ($0.07) EPS. The firm's revenue was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Equities analysts predict that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Insider Buying and Selling at Navitas Semiconductor

In other news, Director Ranbir Singh purchased 18,645,603 shares of the company's stock in a transaction on Monday, July 28th. The shares were purchased at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the purchase, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the sale, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,705,596 shares of company stock worth $16,096,333 in the last ninety days. 29.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Navitas Semiconductor

Several hedge funds have recently modified their holdings of NVTS. Captrust Financial Advisors grew its stake in shares of Navitas Semiconductor by 3.8% in the second quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock worth $300,000 after purchasing an additional 1,667 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Navitas Semiconductor by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,678 shares of the company's stock valued at $90,000 after acquiring an additional 2,352 shares during the period. NewEdge Advisors LLC boosted its holdings in Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after purchasing an additional 2,942 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Navitas Semiconductor by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,441 shares of the company's stock valued at $324,000 after buying an additional 3,559 shares in the last quarter. Finally, Cranbrook Wealth Management LLC purchased a new position in Navitas Semiconductor in the 2nd quarter worth $25,000. Institutional investors own 46.14% of the company's stock.

Navitas Semiconductor Company Profile

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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