Navitas Semiconductor (NASDAQ:NVTS) Trading Down 14.6% Following Analyst Downgrade

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares were down 14.6% during trading on Tuesday after Rosenblatt Securities lowered their price target on the stock from $12.00 to $8.00. Rosenblatt Securities currently has a neutral rating on the stock. Navitas Semiconductor traded as low as $10.21 and last traded at $10.46. Approximately 37,308,620 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 26,724,566 shares. The stock had previously closed at $12.25.

NVTS has been the topic of several other research reports. Needham & Company LLC restated a “buy” rating and set a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Jefferies Financial Group upgraded shares of Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Craig Hallum downgraded shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a report on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a report on Monday, August 18th. Finally, Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Two equities 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.48.

Insider Buying and Selling

In other Navitas Semiconductor news, Director Brian Long sold 500,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the sale, the director owned 1,715,395 shares of the company’s stock, valued at $10,481,063.45. This represents a 22.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 2,705,596 shares of company stock worth $16,096,333. 29.90% of the stock is owned by corporate insiders.

Institutional Trading of Navitas Semiconductor

Several hedge funds have recently modified their holdings of NVTS. Cranbrook Wealth Management LLC bought a new stake in shares of Navitas Semiconductor during the second quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in shares of Navitas Semiconductor during the first quarter valued at approximately $28,000. NewEdge Advisors LLC grew its stake in shares of 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 purchasing an additional 2,942 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Navitas Semiconductor during the first quarter valued at approximately $31,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Navitas Semiconductor during the second quarter valued at approximately $33,000. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Price Performance

The company’s 50 day moving average price is $8.91 and its 200 day moving average price is $6.71. The firm has a market capitalization of $2.23 billion, a P/E ratio of -16.09 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The business had revenue of $10.11 million for the quarter, compared to analysts’ expectations of $10.00 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Navitas Semiconductor’s revenue was down 53.4% compared to the same quarter last year. Navitas Semiconductor has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

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.