Navitas Semiconductor (NASDAQ:NVTS) Trading Down 4.4% - What's Next?

Key Points

• Navitas Semiconductor's stock fell 4.4% to $6.15, with trading volume down 77% compared to its average, signaling decreased investor interest.
• Analysts have mixed opinions on NVTS, with recommendations ranging from a "buy" to a "sell," and a consensus rating of "Hold" with an average price target of $5.65.
• The company's recent quarterly earnings showed a revenue decrease of 29.2% year-over-year, and a projected EPS of -0.51 for the current fiscal year indicates continued challenges ahead.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares were down 4.4% during mid-day trading on Wednesday . The company traded as low as $6.02 and last traded at $6.15. Approximately 5,094,884 shares changed hands during trading, a decline of 77% from the average daily volume of 21,897,268 shares. The stock had previously closed at $6.43.

Analyst Ratings Changes

NVTS has been the topic of several research reports. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research note on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Needham & Company LLC raised their target price on shares of Navitas Semiconductor from $3.00 to $8.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Rosenblatt Securities cut their target price on shares of Navitas Semiconductor from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research report on Tuesday, June 17th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Navitas Semiconductor presently has an average rating of "Hold" and an average target price of $5.65.

Navitas Semiconductor Price Performance

The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -9.89 and a beta of 3.02. The company's fifty day moving average price is $6.96 and its 200-day moving average price is $4.35.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates 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% on a year-over-year basis. During the same quarter 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 forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In related news, Director Richard J. Hendrix sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $8.12, for a total value of $162,400.00. Following the sale, the director owned 45,456 shares in the company, valued at $369,102.72. This represents a 30.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Long sold 1,026,227 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $7.93, for a total value of $8,137,980.11. Following the completion of the sale, the director owned 4,420,991 shares in the company, valued at approximately $35,058,458.63. This represents a 18.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,054,434 shares of company stock valued at $86,329,923 over the last quarter. Company insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Several hedge funds have recently bought and sold shares of NVTS. Cranbrook Wealth Management LLC purchased a new position in shares of Navitas Semiconductor during the 2nd quarter valued at approximately $25,000. Simplicity Wealth LLC purchased a new position in shares of Navitas Semiconductor during the 1st quarter valued at approximately $26,000. Larson Financial Group LLC purchased a new position in Navitas Semiconductor in the 1st quarter valued at $28,000. NewEdge Advisors LLC lifted 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 purchasing an additional 2,942 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Navitas Semiconductor during the first quarter worth $31,000. Hedge funds and other institutional investors 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.