Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up - Time to Buy?

Key Points

• Navitas Semiconductor's stock opened at $6.35 after closing at $6.08, with a traded volume of 7,897,035 shares.
• Analysts have mixed ratings for NVTS, with three rating it as a "Buy" and others issuing "Hold" or "Sell" ratings, resulting in an average target price of $5.65.
• Navitas reported a negative net margin of 182.63% and a revenue decline of 29.2% year-over-year, despite meeting earnings expectations with an EPS of ($0.05).

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $6.08, but opened at $6.35. Navitas Semiconductor shares last traded at $6.26, with a volume of 7,897,035 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on NVTS shares. Needham & Company LLC reissued a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research report on Tuesday, June 17th. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a research report on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Finally, Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Stock Performance

The company's 50-day moving average is $6.70 and its 200 day moving average is $4.61. The company has a market capitalization of $1.33 billion, a PE ratio of -9.59 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.05) EPS for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $14.43 million. During the same period in the prior year, the firm posted ($0.07) EPS. Navitas Semiconductor's revenue for the quarter was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity

In related news, Director Brian Long sold 750,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the sale, the director directly owned 2,670,991 shares of the company's stock, valued at approximately $15,598,587.44. This represents a 21.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ranbir Singh acquired 18,645,603 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the transaction, the director directly owned 18,645,603 shares in the company, valued at $163,894,850.37. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 1,750,000 shares of company stock worth $10,284,977 over the last three months. 29.90% of the stock is currently owned by insiders.

Institutional Trading of Navitas Semiconductor

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Navitas Semiconductor by 1,332.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after acquiring an additional 1,492,512 shares during the period. Invesco Ltd. lifted its stake in Navitas Semiconductor by 75.2% during the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock valued at $20,999,000 after acquiring an additional 1,376,205 shares during the period. JPMorgan Chase & Co. lifted its stake in Navitas Semiconductor by 1,742.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after acquiring an additional 1,350,857 shares during the period. Bank of America Corp DE lifted its stake in Navitas Semiconductor by 180.5% during the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock valued at $4,407,000 after acquiring an additional 794,371 shares during the period. Finally, FORA Capital LLC bought a new position in Navitas Semiconductor during the 2nd quarter valued at about $3,309,000. 46.14% of the stock is owned by hedge funds and other 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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