Navitas Semiconductor Corporation (NASDAQ:NVTS – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $30.84, but opened at $28.73. Navitas Semiconductor shares last traded at $28.3060, with a volume of 8,389,946 shares trading hands.
Trending Headlines about Navitas Semiconductor
Here are the key news stories impacting Navitas Semiconductor this week:
- Positive Sentiment: Navitas was highlighted as a key enabler of AI infrastructure, with commentary saying its technology helps address thermal bottlenecks in AI server racks by improving power delivery architecture. Navitas: NVIDIA’s AI Power Broker?
- Positive Sentiment: News that NVIDIA showcased Navitas technology at Computex continued to drive momentum, reinforcing the market’s view that NVTS could be a beneficiary of NVIDIA’s AI ecosystem. NVTS Stock Soars on NVIDIA Collaboration: Is More Upside Ahead?
- Positive Sentiment: Investors also reacted to the stock hitting an all-time high after the NVIDIA showcase, underscoring strong speculative and momentum-driven buying. Navitas (NVTS) Hits All-Time High — Nvidia May Hold the Reason
- Neutral Sentiment: Navitas completed a share issuance tied to triggering events, which adds shares to the float but appears to be a routine corporate action rather than a major business update. Navitas Semiconductor Completes Share Issuance for Triggering Events
- Negative Sentiment: Some commentary is questioning whether the stock’s valuation has run too far, suggesting the recent surge may have outpaced fundamentals and could be vulnerable to a pullback. Navitas: Nvidia Cannot Save This Valuation
Analyst Ratings Changes
NVTS has been the topic of a number of analyst reports. Robert W. Baird increased their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Rosenblatt Securities increased their target price on Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “underweight” rating and set a $13.70 target price on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Weiss Ratings cut Navitas Semiconductor from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Finally, Needham & Company LLC increased their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.87.
Navitas Semiconductor Trading Down 18.2%
The company has a market cap of $5.86 billion, a PE ratio of -39.81 and a beta of 3.75. The business has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $11.92.
Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The company had revenue of $8.60 million for the quarter, compared to analyst estimates of $8.22 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was down 38.7% compared to the same quarter last year. On average, equities research analysts expect that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current fiscal year.
Insider Activity at Navitas Semiconductor
In other Navitas Semiconductor news, Director Ranbir Singh sold 3,060,118 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $29.29, for a total transaction of $89,630,856.22. Following the transaction, the director owned 15,607,533 shares of the company’s stock, valued at $457,144,641.57. This represents a 16.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Todd Glickman sold 98,152 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $10.78, for a total value of $1,058,078.56. Following the transaction, the chief financial officer directly owned 735,231 shares in the company, valued at approximately $7,925,790.18. This represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,087,630 shares of company stock worth $117,414,466. Company insiders own 12.40% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in NVTS. Allworth Financial LP raised its position 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 worth $26,000 after buying an additional 2,698 shares during the period. NewEdge Advisors LLC raised its position in shares of Navitas Semiconductor by 189.8% in 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. GAMMA Investing LLC raised its position in shares of Navitas Semiconductor by 116.5% in the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after buying an additional 2,548 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Navitas Semiconductor by 3,200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock worth $36,000 after buying an additional 4,000 shares during the period. Finally, State of Wyoming raised its position in shares of Navitas Semiconductor by 92.8% in the 1st quarter. State of Wyoming now owns 4,803 shares of the company’s stock worth $42,000 after buying an additional 2,312 shares during the period. Hedge funds and other institutional investors own 46.14% of the company’s stock.
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.
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