Navitas Semiconductor (NASDAQ:NVTS) Shares Up 9.7% - Should You Buy?

Key Points

• Navitas Semiconductor shares surged by 9.7% during trading, closing at $6.46 after reaching a high of $6.54, with a total trading volume of nearly 27.7 million shares.
• Multiple analysts have issued varied ratings on the stock, with three giving it a "buy" rating and the consensus target price currently at $5.65.
• Recent insider transactions include a significant sale of 500,000 shares by Director Brian Long and a large purchase of over 18 million shares by Director Ranbir Singh.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price rose 9.7% on Wednesday . The stock traded as high as $6.54 and last traded at $6.46. Approximately 27,699,624 shares traded hands during trading, an increase of 31% from the average daily volume of 21,197,666 shares. The stock had previously closed at $5.89.

Analyst Upgrades and Downgrades

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

Navitas Semiconductor Trading Up 4.2%

The company's 50-day moving average price is $6.71 and its two-hundred day moving average price is $4.79. The company has a market cap of $1.49 billion, a P/E ratio of -10.78 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) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $14.49 million during the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The company's revenue was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, Director Ranbir Singh acquired 18,645,603 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the transaction, the director directly owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Long sold 500,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the sale, the director directly owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,705,596 shares of company stock valued at $16,096,333. Insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Navitas Semiconductor by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after purchasing an additional 123,598 shares during the last quarter. Geode Capital Management LLC grew its position in Navitas Semiconductor by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock worth $21,882,000 after purchasing an additional 124,594 shares during the last quarter. Invesco Ltd. grew its position in 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. BNP Paribas Financial Markets grew its position in Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock worth $10,510,000 after purchasing an additional 1,492,512 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Navitas Semiconductor by 1,742.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock worth $9,356,000 after purchasing an additional 1,350,857 shares during the last quarter. 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.