Navitas Semiconductor Corporation (NASDAQ:NVTS) Receives Average Rating of “Hold” from Analysts

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.4833.

A number of analysts have issued reports on NVTS shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $8.00 price target on shares of Navitas Semiconductor in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Thursday, January 22nd. Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Finally, Needham & Company LLC lifted their price objective on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th.

Insider Transactions at Navitas Semiconductor

In related news, Director Gary Kent Wunderlich, Jr. sold 78,649 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $9.25, for a total value of $727,503.25. Following the sale, the director owned 136,615 shares in the company, valued at approximately $1,263,688.75. The trade was a 36.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ranbir Singh sold 179,354 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $8.68, for a total transaction of $1,556,792.72. Following the sale, the director directly owned 389,096 shares in the company, valued at approximately $3,377,353.28. The trade was a 31.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,330,585 shares of company stock valued at $28,342,998 in the last 90 days. Company insiders own 29.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC increased its stake in Navitas Semiconductor by 7.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 27,700 shares of the company’s stock worth $198,000 after acquiring an additional 2,000 shares during the last quarter. RFG Advisory LLC bought a new position in shares of Navitas Semiconductor during the 4th quarter valued at approximately $3,894,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Navitas Semiconductor during the 4th quarter valued at $484,000. SBI Securities Co. Ltd. lifted its position in Navitas Semiconductor by 21.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 42,051 shares of the company’s stock worth $300,000 after buying an additional 7,532 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in Navitas Semiconductor in the fourth quarter worth $107,000. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Navitas Semiconductor Price Performance

NVTS stock opened at $8.20 on Thursday. Navitas Semiconductor has a 1-year low of $1.52 and a 1-year high of $17.79. The business has a 50 day simple moving average of $8.93 and a two-hundred day simple moving average of $8.57. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -12.81 and a beta of 3.16.

Navitas Semiconductor (NASDAQ:NVTS) last released its earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, hitting 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 firm had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.00 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The company’s quarterly revenue was down 53.4% compared to the same quarter last year. Sell-side analysts anticipate that Navitas Semiconductor will post -0.51 EPS for the current fiscal year.

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.