Navitas Semiconductor (NASDAQ:NVTS) Trading Up 1.7% - What's Next?

Key Points

• Navitas Semiconductor's stock price increased by 1.7% to $5.70, despite a significant decline in trading volume, which fell by 84% compared to the average.
• Several analysts have downgraded their ratings for Navitas Semiconductor, with a consensus rating of Hold and an average price target of $5.65.
• In recent insider transactions, Director Brian Long sold 500,000 shares for a total of approximately $3 million, representing a significant reduction in his ownership in the company.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price shot up 1.7% on Monday . The stock traded as high as $5.83 and last traded at $5.70. 3,435,415 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 21,165,672 shares. The stock had previously closed at $5.60.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NVTS shares. Craig Hallum downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price for the company. in a research report on Tuesday, August 5th. CJS Securities cut Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Rosenblatt Securities reissued a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Finally, 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 report on Tuesday, June 17th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Trading Down 0.8%

The business's 50-day simple moving average is $6.75 and its 200-day simple moving average is $4.56. The company has a market capitalization of $1.18 billion, a PE ratio of -8.55 and a beta of 3.00.

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

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, Director Brian Long sold 500,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $6.05, for a total transaction of $3,025,000.00. Following the completion of the sale, the director directly owned 3,920,991 shares in the company, valued at $23,721,995.55. This represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd Glickman sold 100,000 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $8.00, for a total transaction of $800,000.00. Following the transaction, the chief financial officer directly owned 134,501 shares in the company, valued at approximately $1,076,008. This represents a 42.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,680,815 shares of company stock valued at $28,793,032 in the last ninety days. Insiders own 29.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NVTS. Raymond James Financial Inc. acquired a new stake in Navitas Semiconductor during the 4th quarter worth approximately $44,000. Tower Research Capital LLC TRC increased its position in shares of Navitas Semiconductor by 125.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock worth $37,000 after purchasing an additional 5,726 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Navitas Semiconductor by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,013 shares of the company's stock worth $186,000 after buying an additional 11,770 shares during the last quarter. Northern Trust Corp grew its stake in Navitas Semiconductor by 9.5% during the fourth quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock worth $4,319,000 after purchasing an additional 104,906 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Navitas Semiconductor in the fourth quarter worth $64,000. Hedge funds and other institutional investors own 46.14% of the company's stock.

Navitas Semiconductor Company Profile

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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