Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 9.7% – Here’s Why

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) rose 9.7% on Monday . The company traded as high as $8.31 and last traded at $8.29. Approximately 20,881,316 shares were traded during trading, a decline of 22% from the average daily volume of 26,740,941 shares. The stock had previously closed at $7.56.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NVTS shares. Craig Hallum lowered shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Tuesday, August 5th. Jefferies Financial Group raised shares of Navitas Semiconductor to a “hold” rating in a research report on Tuesday, October 28th. Needham & Company LLC boosted their target price on Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.48.

Navitas Semiconductor Trading Up 9.7%

The company has a market capitalization of $1.91 billion, a PE ratio of -12.95 and a beta of 3.10. The firm’s 50-day simple moving average is $9.69 and its 200-day simple moving average is $7.40.

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

Insiders Place Their Bets

In other news, CFO Todd Glickman sold 96,313 shares of the firm’s stock in a transaction 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 owned 891,268 shares in the company, valued at approximately $9,411,790.08. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the sale, the director owned 1,715,395 shares of the company’s stock, valued at $10,481,063.45. The trade was a 22.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,802,254 shares of company stock valued at $17,115,955. 29.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors 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. NewEdge Advisors LLC increased its holdings in Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after buying an additional 2,942 shares during the period. CWM LLC raised its stake in Navitas Semiconductor by 24.7% in the third quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after buying an additional 893 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in Navitas Semiconductor in the second quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Navitas Semiconductor by 1,376.3% during the third quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after buying an additional 4,927 shares during the period. 46.14% of the stock is currently owned by institutional investors.

About Navitas Semiconductor

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.