Navitas Semiconductor’s (NVTS) “Neutral” Rating Reaffirmed at Rosenblatt Securities

Navitas Semiconductor (NASDAQ:NVTS)‘s stock had its “neutral” rating reaffirmed by equities researchers at Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $13.00 price target on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 12.70% from the company’s previous close.

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

Navitas Semiconductor Stock Performance

Shares of NVTS traded down $0.20 during mid-day trading on Tuesday, hitting $11.54. 13,164,852 shares of the company were exchanged, compared to its average volume of 23,620,537. Navitas Semiconductor has a 1-year low of $6.85 and a 1-year high of $34.17. The company has a 50 day moving average of $12.03 and a 200-day moving average of $15.11. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -8.66 and a beta of 3.88.

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

Institutional Trading of Navitas Semiconductor

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Navitas Semiconductor in the 2nd quarter valued at approximately $290,970,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Navitas Semiconductor in the 2nd quarter valued at approximately $75,701,000. Tidal Investments LLC grew its stake in shares of Navitas Semiconductor by 161.2% in the 2nd quarter. Tidal Investments LLC now owns 1,132,184 shares of the company’s stock valued at $20,289,000 after buying an additional 698,683 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Navitas Semiconductor in the 2nd quarter valued at approximately $16,757,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Navitas Semiconductor in the 2nd quarter valued at approximately $9,116,000. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Key Headlines Impacting Navitas Semiconductor

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

• Positive Sentiment: The U.S. government selected Navitas for the ALATTIS program to develop next-generation 10 kV silicon-carbide (SiC) power semiconductors, including IGBTs and PiN diodes for military systems. The award supports Navitas’ positioning in high-voltage power electronics and could strengthen its government and defense relationships. U.S. Government Selects Navitas to Develop Next-Generation 10 kV SiC Power Semiconductors
• Positive Sentiment: Analysts and market commentators said the Army-funded project could accelerate domestic SiC manufacturing and validate Navitas’ technology in critical defense applications. The development also expands the company’s opportunity beyond commercial power and AI data-center markets. Navitas Semiconductor lands US Army award for high-voltage silicon carbide chips
• Neutral Sentiment: Navitas may rely on MagnaChip as a manufacturing arm for its next-generation SiC products. That arrangement could improve production capacity and commercialization prospects, but it also highlights the execution, manufacturing, and capital requirements involved in bringing the technology to market. Why Magnachip Is Becoming Navitas’ Manufacturing Arm For Next-Gen SiC
• Negative Sentiment: The Army award has not materially changed Navitas’ near-term financial profile. The company remains unprofitable, with analysts expecting a full-year loss, while prior-quarter revenue declined year over year. Investors may therefore view the contract as strategically important but unlikely to drive immediate earnings.
• Negative Sentiment: Rosenblatt reaffirmed a “neutral” rating with a $13 price target, and the broader analyst consensus is about “Hold.” Commentary also suggested Lumentum offers a stronger AI data-center investment case, increasing concern that Navitas’ valuation depends heavily on future execution. Navitas Semiconductor Receives Average Rating of Hold from Analysts

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.