Navitas Semiconductor (NASDAQ:NVTS) Shares Up 3.7% - Here's Why

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) were up 3.7% during mid-day trading on Wednesday . The company traded as high as $6.03 and last traded at $5.98. Approximately 5,504,902 shares were traded during trading, a decline of 74% from the average daily volume of 21,085,900 shares. The stock had previously closed at $5.76.

Analysts Set New Price Targets

A number of research firms have recently commented on NVTS. Rosenblatt Securities restated a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research report on Tuesday, June 17th. Craig Hallum lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research report on Tuesday, August 5th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Trading Down 0.6%

The business has a 50 day simple moving average of $6.72 and a two-hundred day simple moving average of $4.58. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -8.81 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). The company had revenue of $14.49 million during the quarter, compared to analysts' expectations of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The business's revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In other news, Director Ranbir Singh bought 18,645,603 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was bought 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Todd Glickman sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $8.00, for a total value of $800,000.00. Following the sale, the chief financial officer directly owned 134,501 shares in the company, valued at approximately $1,076,008. This represents a 42.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,867,195 shares of company stock valued at $13,766,215 over the last ninety days. 29.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in 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 worth $10,510,000 after acquiring an additional 1,492,512 shares during the period. Invesco Ltd. lifted its holdings in shares of Navitas Semiconductor by 75.2% in the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after purchasing an additional 1,376,205 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Navitas Semiconductor by 1,742.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after purchasing an additional 1,350,857 shares during the period. Bank of America Corp DE grew its stake in Navitas Semiconductor by 180.5% during the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock worth $4,407,000 after buying an additional 794,371 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in Navitas Semiconductor in the second quarter valued at $3,309,000. 46.14% of the stock is 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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