Navitas Semiconductor (NASDAQ:NVTS) Trading 8.4% Higher - What's Next?

Key Points

• Shares of Navitas Semiconductor rose 8.4% to about $17.88 intraday on Friday, with 17.4 million shares traded (roughly 32% below average session volume).
• Analyst consensus is a Hold with a consensus target price of $6.78, signaling skepticism from analysts despite the stock's recent rally.
• Company fundamentals remain weak—negative EPS, a -254.7% net margin and revenue down 59.4% year‑over‑year—and insiders have sold roughly 509,016 shares in the last three months (insiders still own 29.9%).

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) traded up 8.4% during mid-day trading on Friday . The company traded as high as $17.99 and last traded at $17.88. 17,425,510 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 25,732,461 shares. The stock had previously closed at $16.50.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVTS shares. Rosenblatt Securities restated a "neutral" rating and set a $7.00 price target on shares of Navitas Semiconductor in a research note on Thursday, March 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.78.

Navitas Semiconductor Stock Performance

The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -30.61 and a beta of 3.15. The firm's 50-day simple moving average is $10.59 and its 200-day simple moving average is $9.94.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The company had revenue of $7.30 million during the quarter, compared to the consensus estimate of $6.95 million. During the same period last year, the firm earned ($0.06) EPS. The firm's revenue for the quarter was down 59.4% compared to the same quarter last year. Equities research analysts forecast that Navitas Semiconductor Corporation will post -0.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Todd Glickman sold 98,152 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total value of $1,058,078.56. Following the sale, the chief financial officer owned 735,231 shares of the company's stock, valued at $7,925,790.18. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ranbir Singh sold 389,096 shares of the company's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $9.52, for a total transaction of $3,704,193.92. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 509,016 shares of company stock valued at $4,967,814. Insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of NVTS. Allworth Financial LP grew its stake in Navitas Semiconductor by 309.4% during the third quarter. Allworth Financial LP now owns 3,570 shares of the company's stock worth $26,000 after buying an additional 2,698 shares in the last quarter. 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 valued at $29,000 after buying an additional 2,942 shares during the period. CWM LLC increased its holdings in Navitas Semiconductor by 24.7% in the 3rd quarter. CWM LLC now owns 4,515 shares of the company's stock valued at $33,000 after buying an additional 893 shares during the period. GAMMA Investing LLC increased its holdings in Navitas Semiconductor by 116.5% in the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company's stock valued at $34,000 after buying an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Navitas Semiconductor by 1,376.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company's stock valued at $38,000 after buying an additional 4,927 shares during the period. 46.14% of the stock is currently owned by institutional investors and hedge funds.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.

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