Navitas Semiconductor (NASDAQ:NVTS) Shares Up 12.3% - Still a Buy?

Key Points

• Navitas Semiconductor saw its stock price increase by 12.3%, closing at $8.20 following a significant trading volume, up 178% from the average.
• Analysts have mixed ratings on NVTS, with reports showing three "Buy" ratings, three "Hold" ratings, and one "Sell" rating, leading to an average rating of "Hold" with a consensus target price of $5.65.
• Insider activity included a major purchase by Director Ranbir Singh of 18.6 million shares valued at approximately $163.9 million, reflecting substantial confidence in the company.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price shot up 12.3% during trading on Thursday . The stock traded as high as $8.44 and last traded at $8.20. 60,278,978 shares traded hands during mid-day trading, an increase of 178% from the average session volume of 21,666,145 shares. The stock had previously closed at $7.30.

Analysts Set New Price Targets

Several brokerages have issued reports on NVTS. 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 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 objective on the stock. in a report on Tuesday, June 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a report on Tuesday, August 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three 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. According to MarketBeat.com, Navitas Semiconductor currently has an average rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Trading Up 12.2%

The stock has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $5.02. The company has a market cap of $1.75 billion, a PE ratio of -12.60 and a beta of 3.03.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The company had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm's revenue for the quarter was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity at Navitas Semiconductor

In other news, Director Ranbir Singh purchased 18,645,603 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were acquired 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. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Long sold 500,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the sale, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. This trade 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 three months. Corporate insiders own 29.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its position in shares of Navitas Semiconductor by 608.6% during the 2nd quarter. Osaic Holdings Inc. now owns 42,875 shares of the company's stock worth $281,000 after purchasing an additional 36,824 shares during the last quarter. FORA Capital LLC acquired a new position in Navitas Semiconductor in the 2nd quarter valued at $3,309,000. Tower Research Capital LLC TRC raised its holdings in Navitas Semiconductor by 143.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,008 shares of the company's stock valued at $105,000 after acquiring an additional 9,428 shares during the last quarter. Captrust Financial Advisors raised its holdings in Navitas Semiconductor by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock valued at $300,000 after acquiring an additional 1,667 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in Navitas Semiconductor by 93.8% in the 2nd quarter. Tidal Investments LLC now owns 59,530 shares of the company's stock valued at $390,000 after acquiring an additional 28,807 shares during the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

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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