Navitas Semiconductor (NASDAQ:NVTS) Receives Buy Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities has reiterated a buy rating on Navitas Semiconductor (NASDAQ:NVTS) with a price target of $8.00, suggesting a potential upside of approximately 29.03% from the current price.
• Other analysts have mixed views on NVTS, with three ratings as buy, three as hold, and one as sell, leading to a consensus rating of "hold" with an average target price of $5.65.
• The stock opened at $6.20, with a market cap of $1.32 billion, but reported a decline in revenue by 29.2% compared to the same quarter last year.

Rosenblatt Securities reaffirmed their buy rating on shares of Navitas Semiconductor (NASDAQ:NVTS - Free Report) in a research note released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $8.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, June 17th. Needham & Company LLC raised their price objective on shares of Navitas Semiconductor from $3.00 to $8.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Craig Hallum cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research report on Tuesday, August 5th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Finally, CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Three equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Stock Performance

Shares of NASDAQ:NVTS traded down $0.02 during midday trading on Tuesday, hitting $6.07. The company's stock had a trading volume of 11,373,836 shares, compared to its average volume of 19,912,254. The business's 50 day simple moving average is $6.90 and its 200 day simple moving average is $4.41. The company has a market cap of $1.29 billion, a P/E ratio of -9.34 and a beta of 3.02. Navitas Semiconductor has a 12-month low of $1.52 and a 12-month high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $14.49 million for 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 company's revenue for the quarter was down 29.2% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, Director David Moxam sold 78,649 shares of Navitas Semiconductor stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $7.90, for a total transaction of $621,327.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ranbir Singh purchased 18,645,603 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the transaction, the director owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 11,117,221 shares of company stock valued at $80,532,953. 29.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Navitas Semiconductor

A number of institutional investors have recently made changes to their positions in NVTS. Wells Fargo & Company MN increased its position in shares of Navitas Semiconductor by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 78,149 shares of the company's stock valued at $279,000 after acquiring an additional 16,143 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Navitas Semiconductor in the fourth quarter valued at approximately $44,000. Barclays PLC grew its holdings in shares of Navitas Semiconductor by 11.7% in the fourth quarter. Barclays PLC now owns 218,038 shares of the company's stock valued at $778,000 after purchasing an additional 22,786 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Navitas Semiconductor by 76.7% in the fourth quarter. MetLife Investment Management LLC now owns 79,716 shares of the company's stock valued at $285,000 after purchasing an additional 34,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Navitas Semiconductor by 125.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock valued at $37,000 after purchasing an additional 5,726 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

About Navitas Semiconductor

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.