Needham & Company LLC Reaffirms "Buy" Rating for Navitas Semiconductor (NASDAQ:NVTS)

Key Points

• Navitas Semiconductor's stock maintains a "buy" rating from Needham & Company LLC, with a target price of $8.00, reflecting a potential upside of 29.03% from its current price.
• The company reported quarterly earnings of ($0.05) per share, meeting analysts' estimates, but experienced a revenue decline of 29.2% year-over-year.
• Recent insider transactions include significant share sales by Director Brian Long, while Director Ranbir Singh increased his stake by acquiring 18.6 million shares at an average price of $8.79 per share.

Needham & Company LLC reiterated their buy rating on shares of Navitas Semiconductor (NASDAQ:NVTS - Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $8.00 price target on the stock.

Several other analysts also recently weighed in on NVTS. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Rosenblatt Securities restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday. CJS Securities cut Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Deutsche Bank Aktiengesellschaft downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research note on Tuesday, June 17th. Finally, Craig Hallum cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Navitas Semiconductor presently has a consensus rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Price Performance

NASDAQ NVTS traded down $0.03 on Tuesday, hitting $6.04. The stock had a trading volume of 11,495,771 shares, compared to its average volume of 19,524,558. The business's fifty day moving average price is $6.88 and its 200 day moving average price is $4.43. Navitas Semiconductor has a 52-week low of $1.52 and a 52-week high of $9.48.

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

Insider Buying and Selling at Navitas Semiconductor

In other news, CEO Eugene Sheridan sold 361,332 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $8.23, for a total value of $2,973,762.36. Following the completion of the sale, the chief executive officer owned 600,000 shares of the company's stock, valued at $4,938,000. This represents a 37.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Long sold 2,955,509 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $6.61, for a total transaction of $19,535,914.49. Following the sale, the director owned 5,920,991 shares of the company's stock, valued at $39,137,750.51. This represents a 33.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,632,602 shares of company stock valued at $77,276,313. Company insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cranbrook Wealth Management LLC acquired a new stake in shares of Navitas Semiconductor in the second quarter valued at $25,000. Simplicity Wealth LLC acquired a new position in Navitas Semiconductor in the 1st quarter valued at about $26,000. Larson Financial Group LLC purchased a new stake in Navitas Semiconductor during the first quarter worth about $28,000. NewEdge Advisors LLC lifted its position in shares of Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock worth $29,000 after purchasing an additional 2,942 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Navitas Semiconductor in the first quarter valued at approximately $31,000. 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.