Navitas Semiconductor (NASDAQ:NVTS) Shares Up 3.7% - What's Next?

Key Points

• Navitas Semiconductor's stock increased by 3.7% during mid-day trading, reaching as high as $6.03 before closing at $5.98.
• Analysts have mixed ratings on NVTS, with three maintaining a "buy" rating and a consensus average price target of $5.65.
• Insider trading activity includes a significant purchase by Director Ranbir Singh of over 18.6 million shares at an average price of $8.79 per share.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shot up 3.7% during mid-day trading on Wednesday . The stock traded as high as $6.03 and last traded at $5.98. 5,504,902 shares were traded during mid-day trading, a decline of 74% from the average session volume of 21,085,900 shares. The stock had previously closed at $5.76.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVTS. Deutsche Bank Aktiengesellschaft lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a research note on Tuesday, June 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Craig Hallum lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price for the company. in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Navitas Semiconductor presently has a consensus rating of "Hold" and an average target price of $5.65.

Navitas Semiconductor Stock Performance

The firm's 50-day simple moving average is $6.69 and its 200 day simple moving average is $4.65. The stock has a market capitalization of $1.31 billion, a P/E ratio of -9.49 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly 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 net margin of 182.63% and a negative return on equity of 18.16%. The firm had revenue of $14.49 million for the quarter, compared to analysts' expectations of $14.43 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company's revenue for the quarter was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In other news, Director Ranbir Singh bought 18,645,603 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Long sold 750,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the completion of the sale, the director directly owned 2,670,991 shares in the company, valued at approximately $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,750,000 shares of company stock worth $10,284,977. 29.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Navitas Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of NVTS. 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 period. Ameritas Investment Partners Inc. raised its holdings in Navitas Semiconductor by 20.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,678 shares of the company's stock valued at $90,000 after acquiring an additional 2,352 shares during the period. NewEdge Advisors LLC raised its holdings in Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after acquiring an additional 2,942 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Navitas Semiconductor by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,441 shares of the company's stock valued at $324,000 after acquiring an additional 3,559 shares during the period. Finally, Cranbrook Wealth Management LLC bought a new position in Navitas Semiconductor in the 2nd quarter valued at about $25,000. 46.14% of the stock is owned by institutional investors.

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.