Navitas Semiconductor’s (NVTS) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Navitas Semiconductor (NASDAQ:NVTS) in a report released on Monday morning,Benzinga reports. They currently have a $8.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Morgan Stanley set a $4.40 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. CJS Securities downgraded Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 18th. Needham & Company LLC lifted their price target on Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group upgraded Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. 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’s stock. According to data from MarketBeat.com, Navitas Semiconductor presently has an average rating of “Hold” and an average price target of $6.48.

Navitas Semiconductor Price Performance

NVTS opened at $8.64 on Monday. The stock’s 50 day moving average price is $9.37 and its 200 day moving average price is $7.03. The stock has a market cap of $1.86 billion, a P/E ratio of -13.50 and a beta of 3.10. Navitas Semiconductor has a 12 month low of $1.52 and a 12 month high of $17.79.

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

Insiders Place Their Bets

In other news, CFO Todd Glickman sold 96,313 shares of the firm’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 sale, the chief financial officer directly owned 891,268 shares of the company’s stock, valued at $9,411,790.08. This trade represents a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction on Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the transaction, the director owned 1,715,395 shares in the company, valued at $10,481,063.45. The trade was a 22.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,801,909 shares of company stock valued at $17,113,398 in the last quarter. Insiders own 29.90% of the company’s stock.

Institutional Trading of Navitas Semiconductor

A number of hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in shares of Navitas Semiconductor in the first quarter worth approximately $36,000. Larson Financial Group LLC purchased a new stake in shares of Navitas Semiconductor in the 1st quarter valued at approximately $28,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Navitas Semiconductor in the 1st quarter worth approximately $410,000. Vanguard Group Inc. grew its position in Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company’s stock worth $20,495,000 after purchasing an additional 123,598 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in Navitas Semiconductor during the 1st quarter worth approximately $31,000. 46.14% of the stock is 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.