Navitas Semiconductor (NASDAQ:NVTS) Trading 3.4% Higher - Time to Buy?

Key Points

• Navitas Semiconductor's stock increased by 3.4% on Thursday, trading at approximately $8.00, with a significant surge in trading volume at 122.37 million shares, up 439% from average levels.
• Equities analysts have mixed views on the stock, with three rating it as a "Buy", three as "Hold", and two as "Sell", reflecting uncertainty in market perception despite a consensus price target of $5.65.
• Insider trading activity includes a large purchase by Director Ranbir Singh of over 18.6 million shares at $8.79 each, while another director, Brian Long, sold 500,000 shares, indicating contrasting confidence levels among company executives.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price traded up 3.4% during trading on Thursday . The stock traded as high as $8.03 and last traded at $8.00. 122,370,595 shares traded hands during mid-day trading, an increase of 439% from the average session volume of 22,690,686 shares. The stock had previously closed at $7.74.

Analyst Ratings Changes

Several equities analysts have commented on the stock. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, June 17th. 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. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Navitas Semiconductor in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Stock Up 3.4%

The company has a 50 day moving average price of $6.66 and a 200-day moving average price of $5.25. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -12.31 and a beta of 3.03.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting 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 company had revenue of $14.49 million during the quarter, compared to the consensus estimate of $14.43 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The firm's revenue was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ranbir Singh bought 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Long sold 500,000 shares of the 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 of the company's stock, valued at $10,481,063.45. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,705,596 shares of company stock valued at $16,096,333 in the last three months. Insiders own 29.90% of the company's stock.

Institutional Trading of Navitas Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVTS. Captrust Financial Advisors grew its position in shares of Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock worth $300,000 after buying an additional 1,667 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Navitas Semiconductor by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,678 shares of the company's stock worth $90,000 after buying an additional 2,352 shares during the period. NewEdge Advisors LLC grew its position in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock worth $29,000 after buying an additional 2,942 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Navitas Semiconductor by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,441 shares of the company's stock worth $324,000 after buying an additional 3,559 shares during the period. Finally, Cranbrook Wealth Management LLC acquired a new stake in shares of Navitas Semiconductor during the 2nd quarter worth approximately $25,000. 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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