Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up - What's Next?

Key Points

• Navitas Semiconductor's stock experienced a significant gap up, opening at $12.45 after a previous close of $9.97, and last traded at $11.99 with over 46 million shares exchanged.
• Equities research analysts hold a mixed view on NVTS, with three assigning a Buy rating, three a Hold rating, and two a Sell rating; the average price target stands at $5.65.
• Insider activity raised eyebrows as Director Ranbir Singh purchased over 18.6 million shares valued at approximately $163.9 million, while another director sold 500,000 shares, indicating significant trading dynamics among company insiders.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $9.97, but opened at $12.45. Navitas Semiconductor shares last traded at $11.99, with a volume of 46,951,726 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NVTS shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Rosenblatt Securities reiterated a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research note on Tuesday, June 17th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Navitas Semiconductor currently has an average rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Price Performance

The company has a market capitalization of $2.72 billion, a PE ratio of -19.64 and a beta of 3.03. The firm's fifty day simple moving average is $6.71 and its 200 day simple moving average is $5.39.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $14.43 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm's revenue was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling at Navitas Semiconductor

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Clarus Wealth Advisors acquired a new position in shares of Navitas Semiconductor in the third quarter worth about $113,000. Osaic Holdings Inc. raised its position in shares of Navitas Semiconductor by 608.6% in the second quarter. Osaic Holdings Inc. now owns 42,875 shares of the company's stock worth $281,000 after acquiring an additional 36,824 shares during the period. FORA Capital LLC acquired a new position in shares of Navitas Semiconductor in the second quarter worth about $3,309,000. Tower Research Capital LLC TRC raised its position in shares of Navitas Semiconductor by 143.3% in the second quarter. Tower Research Capital LLC TRC now owns 16,008 shares of the company's stock worth $105,000 after acquiring an additional 9,428 shares during the period. Finally, Captrust Financial Advisors raised its position 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 acquiring an additional 1,667 shares during the period. Institutional investors and hedge funds 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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