Navitas Semiconductor Corporation (NASDAQ:NVTS) Short Interest Update

Navitas Semiconductor Corporation (NASDAQ:NVTS) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 36,566,415 shares, a drop of 29.3% from the December 31st total of 51,704,010 shares. Based on an average daily volume of 34,614,566 shares, the short-interest ratio is currently 1.1 days. Currently, 22.6% of the shares of the company are sold short. Currently, 22.6% of the shares of the company are sold short. Based on an average daily volume of 34,614,566 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NVTS shares. Rosenblatt Securities restated a “neutral” rating and set a $8.00 target price on shares of Navitas Semiconductor in a research note on Monday, November 10th. Needham & Company LLC raised their price objective on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Navitas Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Trading Up 0.5%

NASDAQ NVTS traded up $0.04 during trading on Monday, reaching $8.62. The company’s stock had a trading volume of 14,831,581 shares, compared to its average volume of 28,191,324. The firm has a 50 day moving average price of $8.91 and a 200 day moving average price of $8.56. Navitas Semiconductor has a 12 month low of $1.52 and a 12 month high of $17.79. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -13.47 and a beta of 3.16.

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

Insider Activity

In related news, CFO Todd Glickman sold 96,313 shares of the business’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 transaction of $1,017,065.28. Following the transaction, the chief financial officer directly owned 891,268 shares of the company’s stock, valued at approximately $9,411,790.08. The trade was a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ranbir Singh sold 179,354 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $8.68, for a total value of $1,556,792.72. Following the sale, the director directly owned 389,096 shares of the company’s stock, valued at $3,377,353.28. This represents a 31.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,426,898 shares of company stock valued at $29,360,063. 29.90% of the stock is owned by insiders.

Institutional Trading of Navitas Semiconductor

A number of institutional investors have recently modified their holdings of NVTS. Vanguard Group Inc. increased its position in shares of Navitas Semiconductor by 23.6% in the third quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock worth $96,464,000 after purchasing an additional 2,550,613 shares during the period. UBS Group AG grew its stake in Navitas Semiconductor by 131.0% during the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock worth $23,612,000 after buying an additional 1,875,228 shares in the last quarter. Jump Financial LLC bought a new position in Navitas Semiconductor in the 3rd quarter valued at about $11,243,000. BNP Paribas Financial Markets increased its holdings in Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company’s stock valued at $10,510,000 after buying an additional 1,492,512 shares during the period. Finally, Invesco Ltd. raised its position in shares of Navitas Semiconductor by 75.2% in the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock valued at $20,999,000 after buying an additional 1,376,205 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors.

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.