Navitas Semiconductor (NASDAQ:NVTS) Shares Up 1.1% - Here's Why

Key Points

• Navitas Semiconductor's shares increased by 1.1%, reaching a price of $7.30 amidst a trading volume surge of 86% compared to its average.
• Analyst ratings are mixed, with three holding a "buy" rating, three a "hold" rating, and one a "sell" rating, resulting in a consensus price target of $5.65.
• Recent insider activity includes the purchase of over 18 million shares by Director Ranbir Singh, while another director sold 500,000 shares, indicating significant trading within the company.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares shot up 1.1% during mid-day trading on Wednesday . The company traded as high as $7.37 and last traded at $7.30. 39,809,326 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 21,450,871 shares. The stock had previously closed at $7.22.

Wall Street Analyst Weigh In

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

Navitas Semiconductor Stock Performance

The firm has a 50 day simple moving average of $6.71 and a 200 day simple moving average of $5.01. The firm has a market cap of $1.56 billion, a P/E ratio of -11.23 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.05) 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 during the quarter, compared to the consensus estimate of $14.43 million. During the same quarter last year, the company earned ($0.07) EPS. The firm's revenue was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, Director Ranbir Singh purchased 18,645,603 shares of the company's stock in a transaction dated Monday, July 28th. The stock was purchased at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the transaction, the director owned 18,645,603 shares in the company, valued at $163,894,850.37. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, 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. In the last quarter, insiders have sold 2,705,596 shares of company stock valued at $16,096,333. Corporate insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock valued at $20,495,000 after buying an additional 123,598 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Navitas Semiconductor by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock valued at $21,882,000 after buying an additional 124,594 shares in the last quarter. Invesco Ltd. raised its holdings in shares of 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 buying an additional 1,376,205 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Navitas Semiconductor by 1,332.3% during the second quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after buying an additional 1,492,512 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Navitas Semiconductor by 1,742.4% during the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after buying an additional 1,350,857 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.