Navitas Semiconductor (NASDAQ:NVTS) Trading Down 2.9% - What's Next?

Key Points

• Navitas Semiconductor's share price declined by 2.9% to $5.87, with trading volume down 76% compared to the average, indicating a significant decrease in market activity.
• Analysts have provided a mix of ratings; while Needham & Company maintains a "buy" rating with a target of $8.00, other firms like Craig Hallum and Deutsche Bank have downgraded their ratings, signaling uncertainty about the stock's future performance.
• Insider trading activity includes CEO Eugene Sheridan selling a substantial number of shares, reflecting potential confidence or strategy shifts regarding the company's outlook.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s share price fell 2.9% during trading on Friday . The company traded as low as $5.79 and last traded at $5.87. 5,085,510 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 21,463,166 shares. The stock had previously closed at $6.04.

Analysts Set New Price Targets

A number of research firms have commented on NVTS. Needham & Company LLC reiterated a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday. Craig Hallum cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research note on Tuesday, August 5th. CJS Securities cut Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research note on Tuesday, June 17th. Finally, Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a research note on Tuesday, August 5th. Three investment 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, Navitas Semiconductor currently has an average rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Price Performance

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.02 and a beta of 3.02. The firm has a fifty day moving average of $6.88 and a 200 day moving average of $4.43.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.Navitas Semiconductor's revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Research analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Buying and Selling

In other Navitas Semiconductor news, CEO Eugene Sheridan sold 238,668 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $7.50, for a total value of $1,790,010.00. Following the sale, the chief executive officer directly owned 461,332 shares of the company's stock, valued at approximately $3,459,990. This trade represents a 34.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ranbir Singh acquired 18,645,603 shares of the company's stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of 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 sold 10,632,602 shares of company stock valued at $77,276,313 in the last 90 days. Corporate insiders own 29.90% of the company's stock.

Institutional Trading of Navitas Semiconductor

A number of institutional investors have recently made changes to their positions in NVTS. Wells Fargo & Company MN boosted its stake in shares of Navitas Semiconductor by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 78,149 shares of the company's stock worth $279,000 after acquiring an additional 16,143 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Navitas Semiconductor during the fourth quarter worth approximately $44,000. Barclays PLC lifted its position in Navitas Semiconductor by 11.7% during the fourth quarter. Barclays PLC now owns 218,038 shares of the company's stock worth $778,000 after buying an additional 22,786 shares in the last quarter. MetLife Investment Management LLC lifted its position in Navitas Semiconductor by 76.7% during the fourth quarter. MetLife Investment Management LLC now owns 79,716 shares of the company's stock worth $285,000 after buying an additional 34,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Navitas Semiconductor by 125.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock worth $37,000 after buying an additional 5,726 shares in the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.

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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