Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 16.6% - What's Next?

Key Points

• Navitas Semiconductor's stock surged 16.6% on Monday, closing at $17.10 after reaching a high of $17.79, with trading volume increasing by 245% compared to its average.
• Several analysts have recently adjusted their ratings, with Rosenblatt Securities downgrading the stock from "buy" to "neutral" and increasing the target price to $12.00, while Weiss Ratings maintained a "sell" rating.
• Navitas revealed a negative net margin of 182.63% and a revenue decline of 29.2% year-over-year, indicating financial challenges despite recent stock price volatility.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) rose 16.6% on Monday . The stock traded as high as $17.79 and last traded at $17.10. Approximately 90,524,533 shares traded hands during trading, an increase of 245% from the average daily volume of 26,203,207 shares. The stock had previously closed at $14.66.

Analyst Ratings Changes

NVTS has been the subject of several research analyst reports. Rosenblatt Securities lowered shares of Navitas Semiconductor from a "buy" rating to a "neutral" rating and increased their target price for the stock from $4.00 to $12.00 in a research note on Monday. Weiss Ratings restated a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. Needham & Company LLC restated a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Finally, Craig Hallum lowered 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. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.32.

Navitas Semiconductor Price Performance

The company has a market cap of $3.64 billion, a PE ratio of -26.31 and a beta of 3.03. The business's 50 day moving average is $7.55 and its 200-day moving average is $5.85.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business 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% compared to the same quarter last year. 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, sell-side 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, Director Ranbir Singh bought 18,645,603 shares of the business's stock in a transaction dated Monday, July 28th. The shares were acquired at an average cost of $8.79 per share, with a total value of $163,894,850.37. Following the acquisition, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction on 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 completion of the transaction, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. The trade was a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,705,596 shares of company stock valued at $16,096,333 in the last 90 days. Insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

A number of institutional investors have recently modified their holdings of the business. Apollon Wealth Management LLC increased its stake in Navitas Semiconductor by 37.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,483 shares of the company's stock valued at $148,000 after buying an additional 5,558 shares during the period. CWM LLC increased its stake in Navitas Semiconductor by 24.7% in the 3rd quarter. CWM LLC now owns 4,515 shares of the company's stock valued at $33,000 after buying an additional 893 shares during the period. Cranbrook Wealth Management LLC increased its stake in Navitas Semiconductor by 72.5% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 6,637 shares of the company's stock valued at $48,000 after buying an additional 2,789 shares during the period. Clarus Wealth Advisors acquired a new position in Navitas Semiconductor in the 3rd quarter valued at $113,000. Finally, Osaic Holdings Inc. increased its stake in Navitas Semiconductor by 608.6% in the 2nd quarter. Osaic Holdings Inc. now owns 42,875 shares of the company's stock valued at $281,000 after buying an additional 36,824 shares during the period. 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.

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.