Navitas Semiconductor (NASDAQ:NVTS) Trading Up 5.5% - Still a Buy?

Key Points

• Navitas Semiconductor's stock rose by 5.5% to $6.55, despite a significant drop in trading volume, indicating possible volatility in investor interest.
• Multiple analysts have downgraded Navitas Semiconductor, with a consensus rating of "Hold" and a price target averaging $5.65, raising concerns about the stock's performance potential.
• Insider trading has been notable, with executives selling significant shares, reflecting doubts about the company’s future prospects amidst a challenging market landscape.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s share price was up 5.5% on Friday . The stock traded as high as $6.58 and last traded at $6.55. Approximately 4,550,535 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 21,740,799 shares. The stock had previously closed at $6.21.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NVTS shares. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a report on Tuesday, June 17th. Rosenblatt Securities lowered their target price on Navitas Semiconductor from $10.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday. Finally, Needham & Company LLC upped their target price on Navitas Semiconductor from $3.00 to $8.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Navitas Semiconductor currently has a consensus rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Stock Up 3.5%

The company has a 50-day moving average price of $6.97 and a 200-day moving average price of $4.32. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -9.89 and a beta of 3.02.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings data 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 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 business's revenue was down 29.2% on a year-over-year basis. 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 forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $8.00, for a total value of $800,000.00. Following the completion of the sale, the chief financial officer directly owned 134,501 shares in the company, valued at $1,076,008. This represents a 42.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eugene Sheridan sold 238,668 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $7.50, for a total value of $1,790,010.00. Following the completion of the sale, the chief executive officer owned 461,332 shares of the company's stock, valued at $3,459,990. This trade represents a 34.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,054,434 shares of company stock valued at $86,329,923 over the last three months. 29.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Navitas Semiconductor

A number of institutional investors have recently added to or reduced their stakes in NVTS. Vanguard Group Inc. lifted its position in shares of Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock valued at $20,495,000 after acquiring an additional 123,598 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Navitas Semiconductor by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock valued at $21,882,000 after acquiring an additional 124,594 shares during the last quarter. Invesco Ltd. lifted its position in shares of Navitas Semiconductor by 75.2% during the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock valued at $20,999,000 after acquiring an additional 1,376,205 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Navitas Semiconductor by 1,332.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after acquiring an additional 1,492,512 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Navitas Semiconductor by 1,742.4% during the 2nd 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 during the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

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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