Navitas Semiconductor Corporation (NASDAQ:NVTS) Given Average Rating of “Hold” by Analysts

Navitas Semiconductor Corporation (NASDAQ:NVTS) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.4833.

NVTS has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Needham & Company LLC lifted their price target on Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Rosenblatt Securities restated a “neutral” rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research note on Monday, November 10th. Finally, Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a research report on Tuesday, October 28th.

Insiders Place Their Bets

In other news, Director Dipender Saluja sold 873,488 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.10, for a total value of $7,075,252.80. Following the transaction, the director owned 4,755,536 shares of the company’s stock, valued at $38,519,841.60. The trade was a 15.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd Glickman sold 78,307 shares of the business’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 trade represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,426,898 shares of company stock worth $29,360,063. Insiders own 29.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVTS. Vanguard Group Inc. raised its stake in Navitas Semiconductor by 1.3% in the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company’s stock valued at $20,495,000 after buying an additional 123,598 shares during the last quarter. Invesco Ltd. raised its position in shares of Navitas Semiconductor by 22.2% in the 1st quarter. Invesco Ltd. now owns 1,829,803 shares of the company’s stock valued at $3,751,000 after purchasing an additional 331,832 shares during the last quarter. Nuveen LLC acquired a new stake in Navitas Semiconductor in the 1st quarter worth approximately $675,000. American Century Companies Inc. grew its position in Navitas Semiconductor by 650.6% during the 1st quarter. American Century Companies Inc. now owns 117,873 shares of the company’s stock worth $242,000 after purchasing an additional 102,169 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Navitas Semiconductor by 980.4% during the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company’s stock valued at $323,000 after purchasing an additional 143,890 shares in the last quarter. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

Navitas Semiconductor Price Performance

NVTS stock opened at $7.81 on Wednesday. Navitas Semiconductor has a 1-year low of $1.52 and a 1-year high of $17.79. The business has a 50-day moving average price of $10.18 and a 200 day moving average price of $8.02. The company has a market capitalization of $1.80 billion, a P/E ratio of -12.20 and a beta of 3.14.

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

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.