Navitas Semiconductor (NASDAQ:NVTS) Shares Up 2.1% - Here's Why

Key Points

• Navitas Semiconductor's shares increased by 2.1%, trading at $7.16, with a volume of over 23 million shares, indicating a surge from average trading levels.
• Wall Street analysts have mixed ratings on the stock; three rated it as a "Buy," three as "Hold," and one as "Sell," with a consensus price target of $5.65.
• Institutional investors owned 46.14% of Navitas Semiconductor, with several firms increasing their stakes significantly during the second quarter of the year.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares shot up 2.1% on Monday . The company traded as high as $7.33 and last traded at $7.16. 23,302,892 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 21,302,486 shares. The stock had previously closed at $7.01.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVTS. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Craig Hallum cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a research note on Tuesday, August 5th. Needham & Company LLC reiterated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Finally, CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Trading Up 2.1%

The company's fifty day moving average is $6.71 and its 200 day moving average is $4.81. The company has a market cap of $1.53 billion, a P/E ratio of -11.02 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its 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 quarter last year, the firm earned ($0.07) EPS. The firm's quarterly revenue was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ranbir Singh purchased 18,645,603 shares of the business's stock in a transaction on 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 acquisition, the director directly owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Long sold 500,000 shares of the firm's stock in a transaction on 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 sale, the director directly owned 1,715,395 shares in the company, 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 three months, insiders sold 2,705,596 shares of company stock worth $16,096,333. Insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

A number of large investors have recently modified their holdings of the stock. Captrust Financial Advisors boosted its stake in shares of Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock valued at $300,000 after purchasing an additional 1,667 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Navitas Semiconductor by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,678 shares of the company's stock valued at $90,000 after purchasing an additional 2,352 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after purchasing an additional 2,942 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Navitas Semiconductor by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,441 shares of the company's stock valued at $324,000 after purchasing an additional 3,559 shares in the last quarter. Finally, Cranbrook Wealth Management LLC bought a new stake in shares of Navitas Semiconductor during the 2nd quarter valued at about $25,000. Institutional investors own 46.14% of the company's stock.

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.

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