Navitas Semiconductor (NASDAQ:NVTS) Shares Up 17.2% – Here’s Why

Navitas Semiconductor Corporation (NASDAQ:NVTS) rose 17.2% during mid-day trading on Monday . The stock traded as high as $9.05 and last traded at $9.19. Approximately 10,646,706 shares traded hands during trading, a decline of 60% from the average daily volume of 26,747,389 shares. The stock had previously closed at $7.84.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research note on Tuesday, August 5th. CJS Securities downgraded Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a report on Monday, August 18th. Jefferies Financial Group upgraded shares of Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lifted their target price on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Navitas Semiconductor presently has an average rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Stock Up 22.8%

The business’s fifty day moving average is $9.17 and its 200-day moving average is $6.92. The company has a market cap of $2.07 billion, a PE ratio of -15.13 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 220.85% and a negative return on equity of 14.86%. The business had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.00 million. During the same period last year, the firm earned ($0.10) earnings per share. The company’s quarterly revenue was down 53.4% on a year-over-year basis. Navitas Semiconductor has set its Q4 2025 guidance at EPS. Analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Long sold 500,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the sale, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. This trade represents a 22.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd Glickman sold 96,313 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $10.56, for a total transaction of $1,017,065.28. Following the completion of the transaction, the chief financial officer directly owned 891,268 shares of the company’s stock, valued at $9,411,790.08. This represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,801,909 shares of company stock worth $17,113,398. 29.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Navitas Semiconductor

Several large investors have recently made changes to their positions in the business. CWM LLC lifted its stake in Navitas Semiconductor by 24.7% in the third quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after purchasing an additional 893 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of Navitas Semiconductor by 6.5% in the third quarter. Strategic Blueprint LLC now owns 15,426 shares of the company’s stock worth $111,000 after buying an additional 937 shares during the period. Prospera Financial Services Inc raised its holdings in shares of Navitas Semiconductor by 3.8% in the third quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock worth $219,000 after buying an additional 1,120 shares during the period. Captrust Financial Advisors lifted its stake in shares of Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock worth $300,000 after acquiring an additional 1,667 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Navitas Semiconductor by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,678 shares of the company’s stock valued at $90,000 after acquiring an additional 2,352 shares during the period. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

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.