Navitas Semiconductor Corporation (NASDAQ:NVTS) Given Consensus Rating of “Hold” by Brokerages

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.4833.

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

Insider Buying and Selling

In other Navitas Semiconductor news, Director Gary Kent Wunderlich, Jr. sold 49,651 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $9.31, for a total transaction of $462,250.81. Following the completion of the sale, the director owned 86,964 shares of the company’s stock, valued at $809,634.84. This trade represents a 36.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Glickman sold 78,307 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $9.77, for a total transaction of $765,059.39. Following the sale, the chief financial officer owned 813,279 shares of the company’s stock, valued at $7,945,735.83. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,330,585 shares of company stock worth $28,342,998. 29.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of hedge funds have recently modified their holdings of the business. Allworth Financial LP lifted its stake in shares of Navitas Semiconductor by 309.4% in the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after purchasing an additional 2,698 shares during the period. NewEdge Advisors LLC raised its stake in Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock worth $29,000 after buying an additional 2,942 shares during the period. CWM LLC grew its position in Navitas Semiconductor by 24.7% in the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after purchasing an additional 893 shares during the period. GAMMA Investing LLC lifted its stake in shares of Navitas Semiconductor by 116.5% in the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after buying an additional 2,548 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Navitas Semiconductor by 1,376.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after acquiring an additional 4,927 shares during the last quarter. Institutional investors and hedge funds own 46.14% of the company’s stock.

Navitas Semiconductor Price Performance

NASDAQ NVTS opened at $8.30 on Thursday. The stock’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $8.59. Navitas Semiconductor has a one year low of $1.52 and a one year high of $17.79. The firm has a market cap of $1.91 billion, a PE ratio of -12.97 and a beta of 3.16.

Navitas Semiconductor Company Profile

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.