Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 2.8% - Time to Sell?

Key Points

• Navitas Semiconductor's stock price fell by 2.8%, trading at $5.70, with a dramatic decline in trading volume down to 4.3 million shares from an average of 21.4 million.
• Analysts have issued mixed ratings, with a consensus target price of $5.65, and ratings ranging from "buy" to "sell" based on varying price targets from $3.50 to $8.00.
• Recent insider trading included Director Ranbir Singh purchasing over 18.6 million shares, while CEO Eugene Sheridan sold 361,332 shares, highlighting active trading within the company's executive team.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) fell 2.8% during mid-day trading on Tuesday . The stock traded as low as $5.61 and last traded at $5.70. 4,366,571 shares traded hands during trading, a decline of 80% from the average session volume of 21,408,887 shares. The stock had previously closed at $5.86.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NVTS shares. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a research report on Tuesday, June 17th. Needham & Company LLC restated a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. CJS Securities downgraded Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Finally, Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Stock Down 2.3%

The company has a 50 day moving average price of $6.85 and a 200-day moving average price of $4.49. The company has a market cap of $1.22 billion, a P/E ratio of -8.81 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $14.49 million during the quarter, compared to analysts' expectations of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The firm's quarterly revenue was down 29.2% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ranbir Singh bought 18,645,603 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the purchase, the director owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Eugene Sheridan sold 361,332 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $8.23, for a total value of $2,973,762.36. Following the completion of the transaction, the chief executive officer directly owned 600,000 shares of the company's stock, valued at approximately $4,938,000. This trade represents a 37.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,082,602 shares of company stock worth $79,984,813. 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 bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $10,510,000 after buying an additional 1,492,512 shares during the period. Invesco Ltd. lifted its holdings 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Navitas Semiconductor by 1,742.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock worth $9,356,000 after acquiring an additional 1,350,857 shares in the last quarter. Bank of America Corp DE raised its position in Navitas Semiconductor by 180.5% during the fourth quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock valued at $4,407,000 after purchasing an additional 794,371 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Navitas Semiconductor in the second quarter worth approximately $3,309,000. 46.14% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.