Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up – Still a Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $7.72, but opened at $8.49. Navitas Semiconductor shares last traded at $8.3980, with a volume of 8,055,441 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Craig Hallum lowered Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Tuesday, August 5th. 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 note on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $8.00 target price on shares of Navitas Semiconductor in a report on Monday, November 10th. Finally, CJS Securities downgraded shares of Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Navitas Semiconductor currently has a consensus rating of “Hold” and an average target price of $6.48.

Navitas Semiconductor Stock Performance

The business has a 50 day simple moving average of $9.59 and a two-hundred day simple moving average of $7.24. The firm has a market capitalization of $1.73 billion, a P/E ratio of -12.65 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.Navitas Semiconductor’s revenue was down 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Navitas Semiconductor has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 96,313 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $10.56, for a total value of $1,017,065.28. Following the completion of the sale, the chief financial officer owned 891,268 shares of the company’s stock, valued at $9,411,790.08. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Long sold 750,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 in the company, valued at $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,801,909 shares of company stock worth $17,113,398. 29.90% of the stock is currently owned by insiders.

Institutional Trading of Navitas Semiconductor

Several hedge funds have recently added to or reduced their stakes in the business. Cranbrook Wealth Management LLC bought a new stake in shares of Navitas Semiconductor in the 2nd quarter valued at about $25,000. Larson Financial Group LLC purchased a new stake in shares of Navitas Semiconductor during the first quarter valued at approximately $28,000. NewEdge Advisors LLC grew its holdings in shares of 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 shares of Navitas Semiconductor in the first quarter worth $31,000. Finally, ST Germain D J Co. Inc. purchased a new stake in Navitas Semiconductor during the 2nd quarter valued at $33,000. 46.14% of the stock is owned by institutional investors.

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.