Navitas Semiconductor (NASDAQ:NVTS) Trading Down 10.3% Following Insider Selling

Navitas Semiconductor Corporation (NASDAQ:NVTS) dropped 10.3% during trading on Thursday after an insider sold shares in the company. The company traded as low as $8.82 and last traded at $8.84. Approximately 22,766,231 shares were traded during trading, a decline of 15% from the average daily volume of 26,730,998 shares. The stock had previously closed at $9.86.

Specifically, CFO Todd Glickman sold 96,313 shares of Navitas Semiconductor stock in a transaction that occurred 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 transaction, the chief financial officer owned 891,268 shares in the company, valued at approximately $9,411,790.08. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several research firms recently weighed in on NVTS. Needham & Company LLC boosted their target price on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday. CJS Securities lowered Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 18th. Craig Hallum cut 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. Rosenblatt Securities reduced their target price on shares of Navitas Semiconductor from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Stock Performance

The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -12.25 and a beta of 3.10. The company has a 50-day moving average of $9.17 and a 200-day moving average of $6.85.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly 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 net margin of 220.85% and a negative return on equity of 14.86%. The company had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $10.00 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was down 53.4% compared to the same quarter last year. 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 fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NVTS. Cranbrook Wealth Management LLC bought a new stake in Navitas Semiconductor in the 2nd quarter valued at approximately $25,000. NewEdge Advisors LLC boosted 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 worth $29,000 after purchasing an additional 2,942 shares during the last quarter. CWM LLC grew its position in Navitas Semiconductor by 24.7% in the third 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. ST Germain D J Co. Inc. bought a new stake in Navitas Semiconductor during the 2nd quarter worth about $33,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Navitas Semiconductor by 1,376.3% during the 3rd 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 last quarter. 46.14% of the stock is currently owned by institutional investors.

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.