Navitas Semiconductor (NASDAQ:NVTS) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Navitas Semiconductor (NASDAQ:NVTS) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts also recently issued reports on NVTS. Rosenblatt Securities increased their price objective on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Needham & Company LLC raised their price target on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird raised their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Morgan Stanley restated an “underweight” rating and issued a $13.70 price target on shares of Navitas Semiconductor in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.87.

Navitas Semiconductor Price Performance

NASDAQ:NVTS opened at $18.20 on Friday. Navitas Semiconductor has a one year low of $1.83 and a one year high of $19.79. The company has a market cap of $4.20 billion, a P/E ratio of -28.89 and a beta of 3.62. The firm’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $9.96.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The firm had revenue of $8.60 million for the quarter, compared to the consensus estimate of $8.22 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was down 38.7% on a year-over-year basis. As a group, equities research analysts expect that Navitas Semiconductor will post -0.26 earnings per share for the current year.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, Director Ranbir Singh sold 389,096 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $9.52, for a total value of $3,704,193.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Todd Glickman sold 98,152 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the sale, the chief financial officer owned 735,231 shares in the company, valued at $7,925,790.18. This trade represents a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 509,016 shares of company stock worth $4,967,814 over the last three months. Company insiders own 29.90% of the company’s stock.

Institutional Investors Weigh In On Navitas Semiconductor

A number of institutional investors have recently made changes to their positions in NVTS. CWM LLC raised its holdings in Navitas Semiconductor by 24.7% during the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after purchasing an additional 893 shares during the last quarter. Strategic Blueprint LLC raised its holdings in Navitas Semiconductor by 6.5% during the 3rd quarter. Strategic Blueprint LLC now owns 15,426 shares of the company’s stock worth $111,000 after purchasing an additional 937 shares during the last quarter. Prospera Financial Services Inc raised its holdings in Navitas Semiconductor by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock worth $219,000 after purchasing an additional 1,120 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Navitas Semiconductor by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company’s stock worth $370,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Navitas Semiconductor by 12.6% during the 4th quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock worth $96,000 after purchasing an additional 1,505 shares during the last quarter. Institutional investors own 46.14% of the company’s stock.

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.