Navitas Semiconductor (NASDAQ:NVTS) Trading 11.8% Higher - Still a Buy?

Key Points

• Navitas Semiconductor's stock rose by 11.8% during trading, reaching a high of $7.54 before closing at $7.19, significantly higher than the previous close of $6.43.
• Several analysts have varying ratings for the stock: three have a "buy" rating, while others have issued "hold" or "sell" ratings, with an average price target of $5.65.
• Insider trading activity included a significant purchase by Director Ranbir Singh of 18.6 million shares and sales by another director, which highlights active management engagement with the stock.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares traded up 11.8% during trading on Monday . The company traded as high as $7.54 and last traded at $7.19. 43,424,621 shares traded hands during trading, an increase of 103% from the average session volume of 21,340,750 shares. The stock had previously closed at $6.43.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price for the company. in a research report on Tuesday, August 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Trading Up 11.8%

The company's fifty day moving average is $6.76 and its 200-day moving average is $4.96. The firm has a market capitalization of $1.53 billion, a P/E ratio of -11.06 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) 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%. Navitas Semiconductor's quarterly revenue was down 29.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ranbir Singh purchased 18,645,603 shares of Navitas Semiconductor stock in a transaction on Monday, July 28th. The stock was purchased 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 in the company, valued at approximately $163,894,850.37. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Long sold 500,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the transaction, the director directly owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. This trade represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,705,596 shares of company stock valued at $16,096,333. Insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in Navitas Semiconductor by 980.4% in the first quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock valued at $323,000 after acquiring an additional 143,890 shares during the period. Millennium Management LLC acquired a new position in Navitas Semiconductor in the fourth quarter worth about $52,000. SCS Capital Management LLC acquired a new position in Navitas Semiconductor in the first quarter worth about $567,000. Merit Financial Group LLC acquired a new position in Navitas Semiconductor in the first quarter worth about $48,000. Finally, BNP Paribas Financial Markets acquired a new position in Navitas Semiconductor in the fourth quarter worth about $52,000. Institutional investors and hedge funds 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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