Navitas Semiconductor (NASDAQ:NVTS) Trading 22.4% Higher – Still a Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares rose 22.4% during mid-day trading on Monday . The stock traded as high as $9.72 and last traded at $9.60. Approximately 45,202,658 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 26,924,205 shares. The stock had previously closed at $7.84.

Analysts Set New Price Targets

Several analysts have recently commented on NVTS shares. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a report on Tuesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Rosenblatt Securities restated a “neutral” rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a research report on Monday. Finally, Needham & Company LLC boosted their target price on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.48.

Navitas Semiconductor Stock Performance

The company has a 50-day moving average price of $9.17 and a 200-day moving average price of $6.92. The firm has a market capitalization of $2.06 billion, a P/E ratio of -15.00 and a beta of 3.10.

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

Insider Activity at Navitas Semiconductor

In other news, CFO Todd Glickman sold 96,313 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $10.56, for a total value of $1,017,065.28. Following the completion of the transaction, the chief financial officer owned 891,268 shares of the company’s stock, valued at $9,411,790.08. The trade was a 9.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Long sold 750,000 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 2,670,991 shares of the company’s stock, valued at approximately $15,598,587.44. This represents a 21.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,801,909 shares of company stock worth $17,113,398 in the last three months. 29.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Navitas Semiconductor

A number of hedge funds have recently modified their holdings of NVTS. AXQ Capital LP boosted its holdings in shares of Navitas Semiconductor by 50.4% in the 3rd quarter. AXQ Capital LP now owns 90,422 shares of the company’s stock valued at $653,000 after buying an additional 30,320 shares during the last quarter. Vanguard Group Inc. increased its holdings in Navitas Semiconductor by 23.6% during the third quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock worth $96,464,000 after buying an additional 2,550,613 shares during the last quarter. Cibc World Market Inc. raised its position in Navitas Semiconductor by 51.3% during the third quarter. Cibc World Market Inc. now owns 23,245 shares of the company’s stock worth $168,000 after acquiring an additional 7,881 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in Navitas Semiconductor by 237.5% in the third quarter. Mandatum Life Insurance Co Ltd now owns 40,500 shares of the company’s stock valued at $292,000 after acquiring an additional 28,500 shares during the last quarter. Finally, Bryce Point Capital LLC bought a new position in shares of Navitas Semiconductor in the 3rd quarter valued at about $117,000. Institutional investors and hedge funds own 46.14% of the company’s stock.

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.