Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up - Still a Buy?

Key Points

• Navitas Semiconductor shares jumped 4%, opening at $13.10 versus a prior close of $12.23, though they later traded near $12.66.
• Analyst sentiment remains mixed, with the stock carrying a consensus rating of “Hold” and an average price target of $15.92. Recent targets from Morgan Stanley, Jefferies and Rosenblatt range from $12.60 to $13.00.
• The company met quarterly EPS expectations at a loss of $0.04 and exceeded revenue estimates with $10.53 million, but revenue fell 27.3% year over year and insiders sold nearly 4 million shares worth $116.4 million over the past 90 days.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.23, but opened at $13.10. Navitas Semiconductor shares last traded at $12.6580, with a volume of 4,144,171 shares changing hands.

Wall Street Analysts Forecast Growth

NVTS has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "underweight" rating and issued a $12.60 price objective on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Weiss Ratings raised Navitas Semiconductor from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of Navitas Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Jefferies Financial Group set a $13.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $13.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.92.

Navitas Semiconductor Trading Up 4.0%

The stock has a market cap of $3.32 billion, a PE ratio of -9.58 and a beta of 3.86. The business has a fifty day simple moving average of $14.56 and a two-hundred day simple moving average of $14.57.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its earnings results on Monday, July 27th. The company reported ($0.04) EPS for the quarter, meeting analysts' consensus estimates of ($0.04). The company had revenue of $10.53 million during the quarter, compared to analysts' expectations of $9.97 million. Navitas Semiconductor had a negative return on equity of 13.13% and a negative net margin of 856.85%.The firm's revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) EPS. On average, research analysts predict that Navitas Semiconductor Corporation will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the completion of the transaction, the director owned 13,964 shares of the company's stock, valued at approximately $392,528.04. This trade represents a 83.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ranbir Singh sold 3,060,118 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.29, for a total transaction of $89,630,856.22. Following the transaction, the director directly owned 15,607,533 shares of the company's stock, valued at $457,144,641.57. This represents a 16.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,989,478 shares of company stock valued at $116,356,387. Insiders own 12.40% of the company's stock.

Institutional Trading of Navitas Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in NVTS. BlackRock Inc. purchased a new stake in shares of Navitas Semiconductor in the second quarter worth $290,970,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Navitas Semiconductor in the 2nd quarter worth about $75,701,000. California State Teachers Retirement System boosted its stake in Navitas Semiconductor by 1,787.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,288,722 shares of the company's stock worth $76,854,000 after purchasing an additional 4,061,502 shares in the last quarter. Invesco Ltd. boosted its stake in Navitas Semiconductor by 257.8% in the 4th quarter. Invesco Ltd. now owns 4,737,624 shares of the company's stock worth $33,827,000 after purchasing an additional 3,413,394 shares in the last quarter. Finally, Marex Group plc grew its position in Navitas Semiconductor by 22,203.8% during the 4th quarter. Marex Group plc now owns 2,675,113 shares of the company's stock valued at $19,100,000 after purchasing an additional 2,663,119 shares during the last quarter. Hedge funds and other institutional investors own 46.14% of the company's stock.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.

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