Navitas Semiconductor (NVTS) Expected to Announce Earnings on Monday

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $14.01 million for the quarter.

Navitas Semiconductor Stock Down 1.0 %

Navitas Semiconductor stock traded down $0.02 during mid-day trading on Thursday, hitting $1.91. 1,865,365 shares of the stock were exchanged, compared to its average volume of 3,769,162. The firm's fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.70. Navitas Semiconductor has a 12 month low of $1.52 and a 12 month high of $5.14. The stock has a market capitalization of $363.91 million, a price-to-earnings ratio of -4.55 and a beta of 2.24.

Insider Activity at Navitas Semiconductor

In other news, CFO Todd Glickman sold 13,644 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $2.59, for a total value of $35,337.96. Following the transaction, the chief financial officer now owns 684,497 shares in the company, valued at $1,772,847.23. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Long sold 47,189 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $2.36, for a total value of $111,366.04. Following the sale, the director now owns 31,460 shares of the company's stock, valued at $74,245.60. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,477 shares of company stock valued at $182,042. 31.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVTS. Rosenblatt Securities reiterated a "buy" rating and set a $5.00 price target on shares of Navitas Semiconductor in a report on Thursday, March 13th. Needham & Company LLC reissued a "buy" rating and issued a $4.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, February 25th. Morgan Stanley cut shares of Navitas Semiconductor from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $2.10 to $1.50 in a report on Monday, April 7th. Finally, Robert W. Baird dropped their price objective on shares of Navitas Semiconductor from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3.82.

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.