Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 11.4% – What’s Next?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price traded down 11.4% during trading on Thursday . The stock traded as low as $9.02 and last traded at $9.0250. 7,111,830 shares were traded during trading, a decline of 76% from the average session volume of 29,565,793 shares. The stock had previously closed at $10.19.

Analyst Ratings Changes

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

Navitas Semiconductor Stock Performance

The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -14.52 and a beta of 3.16. The business’s fifty day simple moving average is $8.84 and its 200 day simple moving average is $8.48.

Navitas Semiconductor (NASDAQ:NVTS) last posted its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (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 firm had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.00 million. During the same period in the previous year, the business posted ($0.10) EPS. Navitas Semiconductor’s revenue was down 53.4% on a year-over-year basis. As a group, analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity

In other news, Director Dipender Saluja sold 873,488 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.10, for a total transaction of $7,075,252.80. Following the sale, the director directly owned 4,755,536 shares of the company’s stock, valued at $38,519,841.60. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Glickman sold 78,307 shares of Navitas Semiconductor 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 sale, the chief financial officer owned 813,279 shares of the company’s stock, valued at approximately $7,945,735.83. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,426,898 shares of company stock valued at $29,360,063. 29.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of large investors have recently modified their holdings of NVTS. Allworth Financial LP lifted its position in Navitas Semiconductor by 309.4% during the third quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after acquiring an additional 2,698 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after purchasing an additional 2,942 shares during the last quarter. CWM LLC boosted its stake in shares of Navitas Semiconductor by 24.7% in the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after purchasing an additional 893 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Navitas Semiconductor by 116.5% during the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after buying an additional 2,548 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Navitas Semiconductor by 1,376.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after purchasing an additional 4,927 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Navitas Semiconductor Company Profile

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.