Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 9.7% – What’s Next?

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares fell 9.7% during trading on Tuesday . The company traded as low as $21.01 and last traded at $21.40. Approximately 20,692,554 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 28,831,404 shares. The stock had previously closed at $23.70.

Analyst Ratings Changes

A number of research firms have recently issued reports on NVTS. Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.70 target price on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Robert W. Baird increased their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Needham & Company LLC upped their price objective on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.74.

Navitas Semiconductor Trading Down 4.3%

The firm has a market capitalization of $4.10 billion, a PE ratio of -27.85 and a beta of 3.75. The stock has a 50 day simple moving average of $21.18 and a 200 day simple moving average of $13.26.

Navitas Semiconductor (NASDAQ:NVTS) last issued its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $8.60 million for the quarter, compared to the consensus estimate of $8.22 million. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The firm’s revenue for the quarter was down 38.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) earnings per share. As a group, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gary Kent Wunderlich, Jr. sold 35,165 shares of Navitas Semiconductor stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.14, for a total value of $989,543.10. Following the sale, the director owned 2,375,060 shares in the company, valued at $66,834,188.40. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chris Allexandre sold 13,323 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total transaction of $423,804.63. Following the completion of the transaction, the chief executive officer owned 1,072,633 shares of the company’s stock, valued at $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,989,478 shares of company stock valued at $116,356,387 in the last 90 days. 12.40% of the stock is owned by corporate insiders.

Institutional Trading of Navitas Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its position in shares of Navitas Semiconductor by 309.4% in the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after acquiring an additional 2,698 shares in the last quarter. NewEdge Advisors LLC grew its stake in Navitas Semiconductor by 189.8% in the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock worth $29,000 after purchasing an additional 2,942 shares during the period. GAMMA Investing LLC raised its holdings in Navitas Semiconductor by 116.5% in the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after purchasing an additional 2,548 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Navitas Semiconductor by 3,200.0% during the first quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $36,000 after buying an additional 4,000 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Navitas Semiconductor by 92.8% during the 1st quarter. State of Wyoming now owns 4,803 shares of the company’s stock valued at $42,000 after buying an additional 2,312 shares in the last quarter. 46.14% of the stock is currently owned by hedge funds and other 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.