Navitas Semiconductor (NASDAQ:NVTS) Shares Up 18.4% - What's Next?

Key Points

• Shares jumped 18.4% to about $10.27 on Wednesday, trading as high as $10.32 on volume of 9.73 million shares versus an average session volume of 22.86 million.
• Analyst sentiment is cautious with an average rating of "Reduce" and an average price target of $6.78 (1 Buy, 5 Hold, 2 Sell).
• Fundamentals remain weak—quarterly revenue fell 59.4% year‑over‑year with negative EPS and margins—and insiders have been net sellers (389,096 shares by a director and ~1.83M shares worth $15.7M sold in the past 90 days).

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) were up 18.4% on Wednesday . The stock traded as high as $10.32 and last traded at $10.2730. 9,733,724 shares traded hands during trading, a decline of 57% from the average session volume of 22,858,857 shares. The stock had previously closed at $8.68.

Analysts Set New Price Targets

NVTS has been the topic of a number of recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Navitas Semiconductor in a research report on Thursday, January 22nd. Rosenblatt Securities dropped their price objective on shares of Navitas Semiconductor from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $6.78.

Navitas Semiconductor Stock Performance

The stock has a 50 day moving average of $9.10 and a 200 day moving average of $8.79. The stock has a market capitalization of $2.42 billion, a P/E ratio of -18.43 and a beta of 3.16.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). Navitas Semiconductor had a negative return on equity of 14.52% and a negative net margin of 254.71%.The company had revenue of $7.30 million for the quarter, compared to analysts' expectations of $6.95 million. During the same period last year, the business posted ($0.06) earnings per share. The firm's quarterly revenue was down 59.4% compared to the same quarter last year. On average, research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In related news, Director Ranbir Singh sold 389,096 shares of Navitas Semiconductor stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $9.52, for a total value of $3,704,193.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Chris Allexandre sold 9,236 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the sale, the chief executive officer owned 813,323 shares in the company, valued at $7,262,974.39. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,828,753 shares of company stock worth $15,732,207 over the last 90 days. Corporate insiders own 29.90% of the company's stock.

Institutional Trading of Navitas Semiconductor

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its stake in Navitas Semiconductor by 156.2% during the 4th quarter. Virtu Financial LLC now owns 128,615 shares of the company's stock valued at $918,000 after acquiring an additional 78,409 shares in the last quarter. Invesco Ltd. grew its stake in shares of Navitas Semiconductor by 257.8% in the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company's stock worth $33,827,000 after purchasing an additional 3,413,394 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Navitas Semiconductor by 30.7% during the fourth quarter. NewEdge Advisors LLC now owns 28,533 shares of the company's stock valued at $204,000 after purchasing an additional 6,709 shares during the period. VARCOV Co. acquired a new position in shares of Navitas Semiconductor during the fourth quarter valued at $589,000. Finally, Engineers Gate Manager LP raised its stake in shares of Navitas Semiconductor by 31.2% during the fourth quarter. Engineers Gate Manager LP now owns 233,169 shares of the company's stock valued at $1,665,000 after purchasing an additional 55,459 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

About Navitas Semiconductor

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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