Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 1.5% - Time to Buy?

Key Points

• Navitas Semiconductor's stock price increased by 1.5%, trading at $5.70, with a significant decrease in trading volume, down 79% from average levels.
• Analysts have mixed views on Navitas, with three giving a Buy rating, three a Hold, and one a Sell, resulting in an average price target of $5.65.
• Recent insider transactions included a significant stock sale by Director Brian Long, who sold over 1 million shares, and a large purchase by Director Ranbir Singh of over 18 million shares.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s share price shot up 1.5% during trading on Tuesday . The company traded as high as $5.81 and last traded at $5.70. 4,443,236 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 21,123,596 shares. The stock had previously closed at $5.61.

Analyst Upgrades and Downgrades

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

Navitas Semiconductor Price Performance

The stock has a fifty day moving average price of $6.69 and a two-hundred day moving average price of $4.64. The company has a market cap 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 posted its earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The company had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. During the same quarter last year, the company earned ($0.07) earnings per share. 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. Equities analysts predict that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the acquisition, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Long sold 750,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00. Following the completion of the transaction, the director owned 2,670,991 shares in the company, valued at $15,598,587.44. This represents a 21.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,750,000 shares of company stock worth $10,284,977 in the last 90 days. Corporate insiders own 29.90% of the company's stock.

Institutional Trading of Navitas Semiconductor

A number of hedge funds have recently bought and sold shares of NVTS. BNP Paribas Financial Markets lifted its holdings 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 Navitas Semiconductor by 75.2% during the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after acquiring an additional 1,376,205 shares during the period. JPMorgan Chase & Co. lifted its holdings in Navitas Semiconductor by 1,742.4% during the second 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 during the period. Bank of America Corp DE lifted its holdings 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 worth $4,407,000 after acquiring an additional 794,371 shares during the period. Finally, FORA Capital LLC bought a new stake in Navitas Semiconductor during the second quarter worth $3,309,000. 46.14% of the stock is currently owned by institutional investors.

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.