Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 7.9% - Should You Sell?

Key Points

• Navitas (NASDAQ:NVTS) fell 7.9% to about $8.31 on Friday with just 3.71M shares traded—an 84% drop from its average session volume—after previously closing at $9.02.
• Analyst sentiment is weak: the consensus rating is “Reduce” with an average price target of $6.78 (1 Buy, 5 Hold, 2 Sell), implying downside from current levels.
• The company’s fundamentals are strained—quarterly revenue down 59.4% YoY, EPS of -$0.05 and a negative net margin of 254.71%—and insiders sold 509,016 shares last quarter (including the CFO and CEO), even as some large institutions increased their stakes.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) traded down 7.9% during trading on Friday . The stock traded as low as $8.39 and last traded at $8.3050. 3,713,204 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 23,284,273 shares. The stock had previously closed at $9.02.

Analyst Upgrades and Downgrades

NVTS has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a "neutral" rating and set a $7.00 price objective on shares of Navitas Semiconductor in a report on Thursday, March 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $6.78.

Navitas Semiconductor Stock Performance

The company has a 50 day moving average of $9.16 and a 200 day moving average of $9.06. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -14.66 and a beta of 3.16.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $7.30 million for the quarter, compared to analysts' expectations of $6.95 million. Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The firm's quarterly revenue was down 59.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) EPS. On average, equities analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 98,152 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the sale, the chief financial officer owned 735,231 shares in the company, valued at approximately $7,925,790.18. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Allexandre sold 9,236 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the transaction, the chief executive officer directly owned 813,323 shares in the company, valued at $7,262,974.39. This trade represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 509,016 shares of company stock valued at $4,967,814. Corporate insiders own 29.90% of the company's stock.

Institutional Trading of Navitas Semiconductor

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Navitas Semiconductor by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 14,691,351 shares of the company's stock worth $104,896,000 after acquiring an additional 1,330,703 shares during the last quarter. State Street Corp grew its holdings in shares of Navitas Semiconductor by 18.0% in the fourth quarter. State Street Corp now owns 8,597,950 shares of the company's stock valued at $61,389,000 after purchasing an additional 1,308,626 shares during the period. Invesco Ltd. increased its position in Navitas Semiconductor by 257.8% during the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company's stock worth $33,827,000 after purchasing an additional 3,413,394 shares during the last quarter. Geode Capital Management LLC increased its position in Navitas Semiconductor by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 4,417,408 shares of the company's stock worth $31,546,000 after purchasing an additional 501,110 shares during the last quarter. Finally, UBS Group AG raised its stake in Navitas Semiconductor by 131.0% during the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company's stock worth $23,612,000 after purchasing an additional 1,875,228 shares during the period. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

Navitas Semiconductor Company Profile

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.

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