Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 1.7% - Time to Buy?

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 share price was up 1.7% on Monday . The stock traded as high as $5.83 and last traded at $5.70. Approximately 3,435,415 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 21,165,672 shares. The stock had previously closed at $5.60.

Analysts Set New Price Targets

Several research analysts have weighed in on NVTS shares. CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Morgan Stanley set a $4.40 price target on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Rosenblatt Securities reissued a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Craig Hallum cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target on the stock. in a report on Tuesday, August 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Trading Up 1.5%

The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -9.49 and a beta of 3.00. The company's 50-day moving average is $6.70 and its 200-day moving average is $4.61.

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

Insider Activity at Navitas Semiconductor

In other news, Director Ranbir Singh purchased 18,645,603 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the transaction, the director owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brian Long sold 750,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 have sold a total of 1,750,000 shares of company stock worth $10,284,977 in the last quarter. 29.90% of the stock is currently owned by company insiders.

Institutional Trading of Navitas Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. Cranbrook Wealth Management LLC acquired a new stake in Navitas Semiconductor in the second quarter valued at approximately $25,000. Simplicity Wealth LLC acquired a new stake in Navitas Semiconductor in the first quarter valued at approximately $26,000. Larson Financial Group LLC acquired a new stake in Navitas Semiconductor in the first quarter valued at approximately $28,000. NewEdge Advisors LLC boosted its position in Navitas Semiconductor by 189.8% in the second 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 in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in Navitas Semiconductor in the first quarter valued at approximately $31,000. Institutional investors and hedge funds 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.