Navitas Semiconductor’s (NVTS) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Navitas Semiconductor (NASDAQ:NVTS) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $8.00 target price on the stock.

A number of other research analysts also recently weighed in on the stock. Craig Hallum downgraded shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research report on Tuesday, August 5th. Rosenblatt Securities restated a “buy” rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $3.50 price objective on the stock. in a research report on Tuesday, June 17th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Navitas Semiconductor has a consensus rating of “Hold” and an average target price of $5.65.

Navitas Semiconductor Stock Performance

Shares of NASDAQ NVTS opened at $6.04 on Tuesday. The firm’s 50 day moving average price is $6.88 and its 200-day moving average price is $4.43. The company has a market cap of $1.29 billion, a PE ratio of -9.29 and a beta of 3.02. Navitas Semiconductor has a 52-week low of $1.52 and a 52-week high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts forecast that Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In other news, CFO Todd Glickman sold 100,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $8.00, for a total value of $800,000.00. Following the completion of the sale, the chief financial officer directly owned 134,501 shares of the company’s stock, valued at $1,076,008. This represents a 42.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Long sold 1,026,227 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $7.93, for a total transaction of $8,137,980.11. Following the completion of the sale, the director directly owned 4,420,991 shares of the company’s stock, valued at approximately $35,058,458.63. This trade represents a 18.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,632,602 shares of company stock valued at $77,276,313. Company insiders own 29.90% of the company’s stock.

Institutional Investors Weigh In On Navitas Semiconductor

Several institutional investors have recently made changes to their positions in the company. FORA Capital LLC bought a new stake in shares of Navitas Semiconductor in the 2nd quarter worth about $3,309,000. Tower Research Capital LLC TRC lifted its holdings in Navitas Semiconductor by 143.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,008 shares of the company’s stock valued at $105,000 after buying an additional 9,428 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after buying an additional 1,667 shares in the last quarter. Tidal Investments LLC lifted its holdings in Navitas Semiconductor by 93.8% during the 2nd quarter. Tidal Investments LLC now owns 59,530 shares of the company’s stock valued at $390,000 after buying an additional 28,807 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in Navitas Semiconductor during the 2nd quarter valued at about $75,000. Institutional investors own 46.14% of the company’s stock.

Navitas Semiconductor Company Profile

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company’s products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.