Navitas Semiconductor Corporation (NASDAQ:NVTS – Get Free Report) Director Richard Hendrix sold 110,165 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.96, for a total value of $3,190,378.40. Following the completion of the transaction, the director directly owned 101,709 shares in the company, valued at approximately $2,945,492.64. This represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Navitas Semiconductor Stock Down 6.7%
NASDAQ NVTS traded down $1.91 during trading hours on Friday, reaching $26.60. The company’s stock had a trading volume of 22,993,232 shares, compared to its average volume of 28,054,346. The firm’s 50-day moving average price is $15.46 and its 200-day moving average price is $11.15. Navitas Semiconductor Corporation has a 1 year low of $4.95 and a 1 year high of $33.82. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of -42.22 and a beta of 3.62.
Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $8.60 million for the quarter, compared to analysts’ expectations of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The firm’s revenue was down 38.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.
Institutional Trading of Navitas Semiconductor
Wall Street Analyst Weigh In
NVTS has been the topic of several recent research reports. Morgan Stanley reaffirmed an “underweight” rating and set a $13.70 price objective on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Robert W. Baird upped their price objective on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Needham & Company LLC upped their price objective on Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Tuesday, April 21st. Finally, Wall Street Zen raised Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.87.
Read Our Latest Research Report on Navitas Semiconductor
Navitas Semiconductor Company Profile
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.
Featured Articles
- Five stocks we like better than Navitas Semiconductor
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Receive News & Ratings for Navitas Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navitas Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
