Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 3.1% - Should You Buy?

Key Points

• Navitas Semiconductor stock price increased by 3.1% during recent trading, reaching a high of $16.85, with an impressive trading volume jump of 457% compared to its average session.
• Analysts have mixed opinions on the stock, with three ratings for "Buy," three for "Hold," and two for "Sell," alongside a consensus price target of $5.65.
• Company revenue for the last quarter decreased by 29.2% year-over-year, with reported earnings of ($0.05) per share meeting analysts' expectations.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares traded up 3.1% during trading on Thursday . The company traded as high as $16.85 and last traded at $15.63. 142,783,252 shares changed hands during mid-day trading, an increase of 457% from the average session volume of 25,621,781 shares. The stock had previously closed at $15.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a research note on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Craig Hallum cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price for the company. in a research note on Tuesday, August 5th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Price Performance

The stock has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $5.51. The firm has a market cap of $3.33 billion, a PE ratio of -24.05 and a beta of 3.03.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The business had revenue of $14.49 million during the quarter, compared to analysts' expectations of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The firm's quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Ranbir Singh purchased 18,645,603 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was purchased at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the purchase, 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 the SEC website. Also, Director Brian Long sold 750,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 2,670,991 shares of the company's stock, 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 have sold 2,705,596 shares of company stock valued at $16,096,333 in the last quarter. 29.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Navitas Semiconductor by 1.3% in the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after purchasing an additional 123,598 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Navitas Semiconductor by 3.9% in the second quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock worth $21,882,000 after purchasing an additional 124,594 shares during the last quarter. Invesco Ltd. raised its stake in shares of Navitas Semiconductor by 75.2% in the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after purchasing an additional 1,376,205 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Navitas Semiconductor by 1,332.3% in the second quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock worth $10,510,000 after purchasing an additional 1,492,512 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Navitas Semiconductor by 1,742.4% in the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock worth $9,356,000 after purchasing an additional 1,350,857 shares during the last quarter. 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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