Navitas Semiconductor (NASDAQ:NVTS) Trading Down 11.4% – Time to Sell?

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares dropped 11.4% during mid-day trading on Thursday . The company traded as low as $9.02 and last traded at $9.0250. Approximately 7,111,830 shares traded hands during trading, a decline of 76% from the average daily volume of 29,565,793 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NVTS. Jefferies Financial Group upgraded shares of Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Needham & Company LLC raised their target price on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.48.

Navitas Semiconductor Stock Performance

The company’s 50-day moving average price is $8.84 and its 200 day moving average price is $8.48. The stock has a market cap of $2.14 billion, a PE ratio of -14.52 and a beta of 3.16.

Navitas Semiconductor (NASDAQ:NVTS) last released its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The company had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.00 million. During the same period in the previous year, the business earned ($0.10) earnings per share. Navitas Semiconductor’s quarterly revenue was down 53.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Todd Glickman sold 78,307 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $9.77, for a total transaction of $765,059.39. Following the transaction, the chief financial officer owned 813,279 shares of the company’s stock, valued at approximately $7,945,735.83. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dipender Saluja sold 873,488 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.10, for a total value of $7,075,252.80. Following the completion of the sale, the director owned 4,755,536 shares in the company, valued at approximately $38,519,841.60. The trade was a 15.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,426,898 shares of company stock valued at $29,360,063. 29.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after acquiring an additional 2,698 shares during the period. NewEdge Advisors LLC raised its stake in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after buying an additional 2,942 shares during the last quarter. CWM LLC boosted its position in Navitas Semiconductor by 24.7% in the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after purchasing an additional 893 shares in the last quarter. GAMMA Investing LLC grew its position in Navitas Semiconductor by 116.5% during the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after buying an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Navitas Semiconductor by 1,376.3% during the third quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after purchasing an additional 4,927 shares in the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

About Navitas Semiconductor

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.