Navitas Semiconductor (NASDAQ:NVTS) Trading 4.2% Higher - Time to Buy?

Key Points

• Navitas Semiconductor's shares increased by 4.2% to $7.01, marking a significant trading volume of over 31 million shares, which is a 46% rise from the average.
• Analysts have mixed opinions on the stock, with a consensus rating of "Hold" and a price target range between $3.50 and $8.00, reflecting uncertainty about its future performance.
• Insider trading activity shows the Director Brian Long sold 500,000 shares while another Director, Ranbir Singh, purchased over 18 million shares, indicating varied confidence among insiders.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares traded up 4.2% during mid-day trading on Friday . The company traded as high as $7.16 and last traded at $7.01. 31,079,901 shares traded hands during trading, an increase of 46% from the average session volume of 21,287,168 shares. The stock had previously closed at $6.73.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Craig Hallum lowered 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 note on Tuesday, August 5th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a research note on Tuesday, June 17th. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Navitas Semiconductor has an average rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Stock Up 4.2%

The stock's 50 day moving average is $6.69 and its two-hundred day moving average is $4.74. The company has a market capitalization of $1.49 billion, a PE ratio of -10.78 and a beta of 3.00.

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 for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $14.49 million during the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The firm's revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity

In other Navitas Semiconductor news, Director Brian Long sold 500,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. This represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ranbir Singh purchased 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the transaction, the director owned 18,645,603 shares of the company's stock, 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 three months, insiders have 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 modified their holdings of the stock. Cranbrook Wealth Management LLC acquired a new position in shares of Navitas Semiconductor during the second quarter valued at about $25,000. NewEdge Advisors LLC increased its holdings in Navitas Semiconductor by 189.8% in 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. ST Germain D J Co. Inc. acquired a new position in Navitas Semiconductor in the 2nd quarter worth approximately $33,000. PNC Financial Services Group Inc. increased its holdings in Navitas Semiconductor by 1,510.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,424 shares of the company's stock worth $49,000 after buying an additional 6,963 shares during the period. Finally, HighMark Wealth Management LLC acquired a new position in Navitas Semiconductor in the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds own 46.14% of the company's stock.

About Navitas Semiconductor

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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