Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) were up 4% during mid-day trading on Monday . The company traded as high as $8.24 and last traded at $8.13. Approximately 34,383,061 shares traded hands during trading, an increase of 58% from the average daily volume of 21,799,221 shares. The stock had previously closed at $7.82.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on NVTS. Morgan Stanley set a $4.40 target price 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 note on Monday, August 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Navitas Semiconductor has an average rating of "Hold" and an average price target of $5.65.
Read Our Latest Analysis on Navitas Semiconductor
Navitas Semiconductor Trading Up 4.0%
The company has a market cap of $1.73 billion, a PE ratio of -12.51 and a beta of 3.03. The firm's 50-day simple moving average is $6.63 and its two-hundred day simple moving average is $5.18.
Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.05) EPS for the quarter, hitting 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 net margin of 182.63% and a negative return on equity of 18.16%. The business's revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.
Insider Transactions at Navitas Semiconductor
In other news, Director Ranbir Singh bought 18,645,603 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the transaction, the director directly owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the sale, the director owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. The trade was a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,705,596 shares of company stock valued at $16,096,333 in the last ninety days. Corporate insiders own 29.90% of the company's stock.
Institutional Investors Weigh In On Navitas Semiconductor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVTS. BNP Paribas Financial Markets lifted its holdings in shares of Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after buying an additional 1,492,512 shares during the period. Invesco Ltd. grew its holdings in Navitas Semiconductor by 75.2% during the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after acquiring an additional 1,376,205 shares during the period. JPMorgan Chase & Co. raised its position in Navitas Semiconductor by 1,742.4% during the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after acquiring an additional 1,350,857 shares in the last quarter. FORA Capital LLC acquired a new position in Navitas Semiconductor in the second quarter valued at approximately $3,309,000. Finally, Baird Financial Group Inc. lifted its holdings in Navitas Semiconductor by 2,514.3% in the second quarter. Baird Financial Group Inc. now owns 419,237 shares of the company's stock valued at $2,746,000 after acquiring an additional 403,201 shares during the period. 46.14% of the stock is owned by institutional investors and hedge funds.
About Navitas Semiconductor
(
Get Free Report)
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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