Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 21.1% - Time to Buy?

Key Points

• Navitas Semiconductor's stock price surged by 21.1%, reaching a high of $10.41 and a closing price of $9.97, with an unusual trading volume of approximately 123.9 million shares.
• Analyst opinions are mixed, with three analysts rating the stock as a Buy while others have adjusted their ratings down to Hold or Sell, resulting in an average rating of "Hold" and a price target of $5.65.
• The company's last reported earnings showed a 29.2% year-over-year decrease in revenue, with an earnings per share (EPS) of ($0.05), hitting the consensus estimate.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price rose 21.1% on Monday . The stock traded as high as $10.41 and last traded at $9.97. Approximately 123,896,365 shares were traded during mid-day trading, an increase of 425% from the average daily volume of 23,594,527 shares. The stock had previously closed at $8.23.

Analyst Ratings Changes

NVTS has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. 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 research report on Tuesday, June 17th. 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 research report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Navitas Semiconductor has an average rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Stock Performance

The stock has a market capitalization of $2.12 billion, a P/E ratio of -15.34 and a beta of 3.03. The firm has a 50-day moving average price of $6.67 and a 200 day moving average price of $5.34.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted 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 period last year, the company earned ($0.07) EPS. Navitas Semiconductor's revenue for the quarter was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the sale, the director directly owned 1,715,395 shares in the company, valued at approximately $10,481,063.45. This trade represents a 22.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ranbir Singh acquired 18,645,603 shares of the business's stock in a transaction dated Monday, July 28th. The stock was acquired at an average price 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 approximately $163,894,850.37. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 2,705,596 shares of company stock worth $16,096,333. Corporate insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Large investors have recently made changes to their positions in the business. Cranbrook Wealth Management LLC bought a new stake in shares of Navitas Semiconductor in the 2nd quarter worth approximately $25,000. Larson Financial Group LLC bought a new position in Navitas Semiconductor in the first quarter worth $28,000. NewEdge Advisors LLC lifted its position in Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after buying an additional 2,942 shares during the period. Benjamin Edwards Inc. purchased a new position in Navitas Semiconductor during the first quarter valued at $31,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Navitas Semiconductor during the 2nd quarter valued at $33,000. 46.14% of the stock is currently owned by 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.

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