Navitas Semiconductor (NASDAQ:NVTS) Shares Down 9% – What’s Next?

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) dropped 9% on Monday . The company traded as low as $11.94 and last traded at $12.25. Approximately 32,134,934 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 26,655,992 shares. The stock had previously closed at $13.46.

Wall Street Analysts Forecast Growth

NVTS has been the subject of a number of research analyst reports. CJS Securities downgraded Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a report on Monday, August 18th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a report on Tuesday, August 5th. Jefferies Financial Group upgraded Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Navitas Semiconductor presently has an average rating of “Hold” and an average target price of $6.32.

Navitas Semiconductor Price Performance

The stock has a market cap of $2.61 billion, a P/E ratio of -18.85 and a beta of 3.10. The company has a fifty day moving average price of $8.79 and a 200 day moving average price of $6.64.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Brian Long sold 750,000 shares of Navitas Semiconductor stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the transaction, the director owned 2,670,991 shares of the company’s stock, valued at $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,705,596 shares of company stock worth $16,096,333 over the last 90 days. 29.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Cranbrook Wealth Management LLC purchased a new position in Navitas Semiconductor in the second quarter worth $25,000. Larson Financial Group LLC purchased a new position in Navitas Semiconductor in the first quarter worth $28,000. NewEdge Advisors LLC boosted its position 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 last quarter. Benjamin Edwards Inc. purchased a new position in Navitas Semiconductor in the first quarter worth $31,000. Finally, ST Germain D J Co. Inc. purchased a new position in Navitas Semiconductor in the second quarter worth $33,000. Hedge funds and other 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.