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

Key Points

• Navitas shares gapped up on Friday, opening at $10.43 vs. the prior close of $9.98 and last trading around $10.50 on roughly 5.81 million shares (up ~4.2%).
• Despite the pop, analysts' consensus rating is Reduce with an average price target of $6.78 (1 Buy, 5 Hold, 2 Sell).
• Company fundamentals are weak — revenue fell 59.4% year‑over‑year, net margin was -254.7% with quarterly EPS of -$0.05, and insiders have sold about 1.28 million shares in the last 90 days.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $9.98, but opened at $10.43. Navitas Semiconductor shares last traded at $10.4980, with a volume of 5,809,783 shares.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVTS. Weiss Ratings reiterated a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Thursday, January 22nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $7.00 target price on shares of Navitas Semiconductor in a research note on Thursday. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Navitas Semiconductor has a consensus rating of "Reduce" and an average price target of $6.78.

Navitas Semiconductor Stock Up 4.2%

The company has a market cap of $2.40 billion, a PE ratio of -18.19 and a beta of 3.16. The stock's 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $8.81.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $7.30 million during the quarter, compared to the consensus estimate of $6.95 million. Navitas Semiconductor had a negative return on equity of 14.52% and a negative net margin of 254.71%.The business's revenue for the quarter was down 59.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. Analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Transactions at Navitas Semiconductor

In related news, Director Ranbir Singh sold 389,096 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $9.52, for a total transaction of $3,704,193.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd Glickman sold 12,532 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $9.82, for a total transaction of $123,064.24. Following the completion of the transaction, the chief financial officer owned 833,383 shares in the company, valued at $8,183,821.06. The trade was a 1.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,284,352 shares of company stock valued at $10,984,988. Insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Several institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in shares of Navitas Semiconductor by 257.8% during the 4th quarter. Invesco Ltd. now owns 4,737,624 shares of the company's stock valued at $33,827,000 after acquiring an additional 3,413,394 shares in the last quarter. Marex Group plc raised its position in Navitas Semiconductor by 22,203.8% in the fourth quarter. Marex Group plc now owns 2,675,113 shares of the company's stock valued at $19,100,000 after purchasing an additional 2,663,119 shares during the period. Vanguard Group Inc. raised its position in Navitas Semiconductor by 23.6% in the third quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company's stock valued at $96,464,000 after purchasing an additional 2,550,613 shares during the period. Ghisallo Capital Management LLC acquired a new position in shares of Navitas Semiconductor during the fourth quarter worth about $15,867,000. Finally, UBS Group AG boosted its position in shares of Navitas Semiconductor by 131.0% in the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company's stock worth $23,612,000 after buying an additional 1,875,228 shares during the period. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

Navitas Semiconductor Company Profile

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.

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