Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 20.6% - Here's Why

Key Points

• Navitas Semiconductor's stock surged by 20.6% recently, reaching $15.16, with trading volume increasing significantly by 489% compared to its average daily volume.
• The company reported a revenue of $14.49 million for the last quarter, which reflects a 29.2% decline year-over-year, and its quarterly earnings per share met analysts’ expectations at ($0.05).
• Analysts hold a mixed view on the stock, with three ratings for "Buy," three for "Hold," and two for "Sell," and an average target price of $5.65.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) rose 20.6% on Wednesday . The company traded as high as $15.44 and last traded at $15.16. Approximately 147,250,247 shares were traded during trading, an increase of 489% from the average daily volume of 25,019,867 shares. The stock had previously closed at $12.57.

Wall Street Analyst Weigh In

NVTS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a report on Tuesday, August 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective on the stock. in a report on Tuesday, June 17th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Stock Up 20.6%

The firm has a 50 day moving average of $6.82 and a 200 day moving average of $5.44. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -23.32 and a beta of 3.03.

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

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Ranbir Singh purchased 18,645,603 shares of Navitas Semiconductor stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the transaction, the director owned 18,645,603 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Long sold 750,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total value of $4,380,000.00. Following the transaction, the director owned 2,670,991 shares of the company's stock, valued at approximately $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,705,596 shares of company stock valued at $16,096,333. 29.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cranbrook Wealth Management LLC bought a new position in Navitas Semiconductor in the 2nd quarter valued at approximately $25,000. Larson Financial Group LLC bought a new position in shares of Navitas Semiconductor in the 1st quarter valued at about $28,000. NewEdge Advisors LLC lifted its holdings in shares of Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after acquiring an additional 2,942 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Navitas Semiconductor in the first quarter worth about $31,000. Finally, ST Germain D J Co. Inc. bought a new stake in Navitas Semiconductor in the second quarter worth about $33,000. Hedge funds and other institutional investors own 46.14% of the company's stock.

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.

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