Navitas Semiconductor (NASDAQ:NVTS) Shares Up 9.1% – Should You Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s share price was up 9.1% on Friday . The company traded as high as $11.15 and last traded at $10.91. Approximately 28,552,225 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 34,447,211 shares. The stock had previously closed at $10.00.

Analyst Upgrades and Downgrades

NVTS has been the subject of several analyst reports. Needham & Company LLC raised their price objective on Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Jefferies Financial Group upgraded Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Price Performance

The company has a market cap of $2.51 billion, a P/E ratio of -17.05 and a beta of 3.16. The stock’s 50-day moving average price is $8.55 and its 200-day moving average price is $8.27.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative net margin of 220.85% and a negative return on equity of 14.86%. The business’s revenue was down 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) EPS. As a group, analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ranbir Singh sold 179,354 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $8.68, for a total transaction of $1,556,792.72. Following the completion of the sale, the director owned 389,096 shares of the company’s stock, valued at approximately $3,377,353.28. This represents a 31.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Kent Wunderlich, Jr. sold 78,649 shares of Navitas Semiconductor stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $9.25, for a total transaction of $727,503.25. Following the completion of the transaction, the director directly owned 136,615 shares in the company, valued at $1,263,688.75. This trade represents a 36.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,426,898 shares of company stock valued at $29,360,063 over the last 90 days. 29.90% of the stock is owned by company insiders.

Institutional Trading of Navitas Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of NVTS. Vanguard Group Inc. raised its stake in Navitas Semiconductor by 23.6% during the third quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock worth $96,464,000 after acquiring an additional 2,550,613 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Navitas Semiconductor by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company’s stock valued at $21,882,000 after acquiring an additional 124,594 shares during the last quarter. Invesco Ltd. grew its position in Navitas Semiconductor by 75.2% during the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock worth $20,999,000 after acquiring an additional 1,376,205 shares during the last quarter. BNP Paribas Financial Markets raised its position in Navitas Semiconductor by 90.0% in the third quarter. BNP Paribas Financial Markets now owns 3,048,943 shares of the company’s stock valued at $22,013,000 after purchasing an additional 1,444,405 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Navitas Semiconductor during the third quarter worth about $11,243,000. 46.14% of the stock is currently owned by institutional investors.

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.