Navitas Semiconductor (NASDAQ:NVTS) Stock Keeps Neutral Rating at Rosenblatt Securities

Navitas Semiconductor (NASDAQ:NVTS)‘s stock had its “neutral” rating restated by stock analysts at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They currently have a $13.00 price target on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 10.83% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $12.60 target price on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Jefferies Financial Group set a $13.00 price target on Navitas Semiconductor in a research note on Tuesday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $21.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.92.

Navitas Semiconductor Price Performance

NVTS remained flat at $11.73 during trading on Tuesday. The company’s stock had a trading volume of 35,298,373 shares, compared to its average volume of 23,658,744. The stock’s 50-day moving average price is $12.06 and its 200 day moving average price is $15.10. The firm has a market capitalization of $3.06 billion, a P/E ratio of -8.82 and a beta of 3.88. Navitas Semiconductor has a one year low of $6.83 and a one year high of $34.17.

Navitas Semiconductor (NASDAQ:NVTS) last posted its earnings results on Monday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Navitas Semiconductor had a negative return on equity of 13.13% and a negative net margin of 856.85%.The firm had revenue of $10.53 million for the quarter, compared to analyst estimates of $9.97 million. During the same quarter in the prior year, the company earned ($0.25) EPS. Navitas Semiconductor’s revenue was down 27.3% on a year-over-year basis. Equities research analysts anticipate that Navitas Semiconductor will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Navitas Semiconductor in the 2nd quarter valued at $2,782,000. Jupiter Topco LLC acquired a new stake in shares of Navitas Semiconductor during the second quarter valued at about $1,649,000. Tidal Investments LLC grew its stake in shares of Navitas Semiconductor by 161.2% during the second quarter. Tidal Investments LLC now owns 1,132,184 shares of the company’s stock valued at $20,289,000 after acquiring an additional 698,683 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Navitas Semiconductor during the second quarter valued at about $16,757,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Navitas Semiconductor by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 566,465 shares of the company’s stock valued at $4,968,000 after acquiring an additional 101,389 shares in the last quarter. 46.14% of the stock is owned by hedge funds and other institutional investors.

Key Navitas Semiconductor News

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: The U.S. Army selected Navitas for the ALATTIS program, which targets domestically manufactured 10 kV SiC insulated-gate bipolar transistors and associated PiN diodes. The technology is intended for critical defense systems and could strengthen Navitas’ position in high-power, strategic semiconductor markets. U.S. Government Selects Navitas to Develop Next-Generation 10 kV SiC Power Semiconductors
• Positive Sentiment: Investor enthusiasm was amplified by reports that NVTS surged about 20% in after-hours trading following the defense announcement. The award provides a notable catalyst amid investor interest in power semiconductors serving artificial intelligence, data-center and defense applications. Navitas Stock Extends Gains After Army Selects It for SiC Power Chip Development
• Neutral Sentiment: Rosenblatt Securities reaffirmed its “neutral” rating but set a $13 price target, implying potential upside from the referenced $11.85 share price. The unchanged rating suggests the firm sees opportunity while maintaining a cautious view. Rosenblatt Securities rating update
• Negative Sentiment: A comparison of Navitas with Lumentum argues that Lumentum may be the better AI data-center investment because of stronger earnings growth, optical demand and expanding data-center opportunities. This could limit enthusiasm for NVTS among investors focused primarily on AI infrastructure. LITE vs. NVTS: Which AI Data Center Stock Is the Better Buy?

Navitas Semiconductor Company Profile

Navitas Semiconductor Corporation (NASDAQ: NVTS) develops gallium nitride (GaN) and silicon carbide (SiC) power semiconductor technologies. Its products are designed to improve the efficiency, power density and size of power-conversion systems used in electronic devices and infrastructure.

The company offers GaN power integrated circuits, including its GaNFast product family, as well as SiC devices and related technologies marketed under the GeneSiC brand. Its products are used in applications such as mobile and consumer chargers, data centers, solar and energy-storage systems, electric vehicles, appliances, industrial equipment and other high-power systems.

Founded in 2014, Navitas is headquartered in Torrance, California, and serves customers and markets internationally.