Navitas Semiconductor (NASDAQ:NVTS) Trading Down 5.1% - Here's Why

Key Points

• Navitas Semiconductor's shares fell by 5.1%, trading at around $6.51, with a significant decrease in trading volume, down 23% from the average.
• Analysts have a mixed consensus on the stock, with three buy ratings, three hold ratings, and a sell rating, and an average price target of $5.65.
• Quarterly earnings showed a revenue decline of 29.2% year-over-year, with a reported EPS of ($0.05), meeting expectations.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) dropped 5.1% during mid-day trading on Thursday . The stock traded as low as $6.31 and last traded at $6.51. Approximately 16,413,310 shares changed hands during trading, a decline of 23% from the average daily volume of 21,270,568 shares. The stock had previously closed at $6.86.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NVTS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report 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 price objective on the stock. in a report on Tuesday, June 17th. Finally, Craig Hallum lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a report on Tuesday, August 5th. Three equities research 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. According to data from MarketBeat.com, Navitas Semiconductor presently has a consensus rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Stock Down 5.1%

The company's fifty day moving average is $6.76 and its 200 day moving average is $4.87. The stock has a market cap of $1.39 billion, a PE ratio of -10.02 and a beta of 3.00.

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

Insider Activity at Navitas Semiconductor

In other news, Director Ranbir Singh acquired 18,645,603 shares of the company's stock in a transaction dated Monday, July 28th. The shares were bought at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the purchase, the director directly owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Long sold 750,000 shares of Navitas Semiconductor stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the sale, the director owned 2,670,991 shares in the company, valued at $15,598,587.44. This represents a 21.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,705,596 shares of company stock worth $16,096,333 in the last 90 days. 29.90% of the stock is currently owned by insiders.

Institutional Trading of Navitas Semiconductor

A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in Navitas Semiconductor by 608.6% in the second quarter. Osaic Holdings Inc. now owns 42,875 shares of the company's stock valued at $281,000 after acquiring an additional 36,824 shares in the last quarter. FORA Capital LLC acquired a new stake in Navitas Semiconductor in the second quarter valued at $3,309,000. Tower Research Capital LLC TRC raised its holdings in Navitas Semiconductor by 143.3% in the second quarter. Tower Research Capital LLC TRC now owns 16,008 shares of the company's stock valued at $105,000 after acquiring an additional 9,428 shares in the last quarter. Captrust Financial Advisors raised its holdings in Navitas Semiconductor by 3.8% in the second quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock valued at $300,000 after acquiring an additional 1,667 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in Navitas Semiconductor by 93.8% in the second quarter. Tidal Investments LLC now owns 59,530 shares of the company's stock valued at $390,000 after acquiring an additional 28,807 shares in the last quarter. 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.

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