Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) traded up 26.1% on Tuesday . The company traded as high as $13.33 and last traded at $12.57. 156,630,131 shares changed hands during trading, an increase of 542% from the average session volume of 24,391,078 shares. The stock had previously closed at $9.97.
Wall Street Analyst Weigh In
NVTS has been the topic of a number of recent analyst reports. Needham & Company LLC reissued 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. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Craig Hallum downgraded shares of 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. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $8.00 price target 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 MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.65.
View Our Latest Analysis on Navitas Semiconductor
Navitas Semiconductor Stock Up 26.1%
The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -19.34 and a beta of 3.03. The business's 50 day simple moving average is $6.71 and its 200-day simple moving average is $5.39.
Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The company's revenue was down 29.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.
Insider Transactions at Navitas Semiconductor
In related news, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction that occurred 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 sale, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. This trade represents a 22.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ranbir Singh purchased 18,645,603 shares of the business's stock in a transaction dated Monday, July 28th. The shares were acquired at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the acquisition, the director owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 2,705,596 shares of company stock worth $16,096,333 over the last three months. Insiders own 29.90% of the company's stock.
Hedge Funds Weigh In On Navitas Semiconductor
Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in Navitas Semiconductor by 1,332.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock worth $10,510,000 after buying an additional 1,492,512 shares during the period. Invesco Ltd. raised its position in shares of Navitas Semiconductor by 75.2% during 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 period. JPMorgan Chase & Co. raised its position in shares of Navitas Semiconductor by 1,742.4% during 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 period. FORA Capital LLC acquired a new position in shares of Navitas Semiconductor during the second quarter worth approximately $3,309,000. Finally, Baird Financial Group Inc. raised its holdings in Navitas Semiconductor by 2,514.3% during the second quarter. Baird Financial Group Inc. now owns 419,237 shares of the company's stock worth $2,746,000 after buying an additional 403,201 shares during the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.
About Navitas Semiconductor
(
Get Free Report)
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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