Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 6.1% – Should You Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price traded up 6.1% during trading on Thursday . The company traded as high as $14.53 and last traded at $14.18. 15,623,001 shares traded hands during trading, a decline of 44% from the average daily volume of 28,122,234 shares. The stock had previously closed at $13.36.

Analyst Ratings Changes

NVTS has been the topic of a number of research reports. Morgan Stanley restated an “underweight” rating and issued a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Wall Street Zen raised Navitas Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird raised their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Finally, Needham & Company LLC boosted their price objective on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Navitas Semiconductor currently has an average rating of “Hold” and a consensus price target of $14.74.

Navitas Semiconductor Price Performance

The business has a 50-day moving average of $21.38 and a 200-day moving average of $13.81. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -21.38 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $8.60 million during the quarter, compared to analysts’ expectations of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The business’s quarterly revenue was down 38.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. As a group, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ranbir Singh sold 664,058 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.72, for a total value of $19,071,745.76. Following the completion of the transaction, the director directly owned 14,943,475 shares of the company’s stock, valued at approximately $429,176,602. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Kent Wunderlich, Jr. sold 35,165 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.14, for a total transaction of $989,543.10. Following the sale, the director directly owned 2,375,060 shares in the company, valued at $66,834,188.40. This trade represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,989,478 shares of company stock worth $116,356,387. 12.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Navitas Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Navitas Semiconductor by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 14,691,351 shares of the company’s stock worth $104,896,000 after purchasing an additional 1,330,703 shares during the period. State Street Corp lifted its position in shares of Navitas Semiconductor by 18.0% in the fourth quarter. State Street Corp now owns 8,597,950 shares of the company’s stock valued at $61,389,000 after buying an additional 1,308,626 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Navitas Semiconductor by 257.8% during the 4th quarter. Invesco Ltd. now owns 4,737,624 shares of the company’s stock worth $33,827,000 after acquiring an additional 3,413,394 shares during the period. Geode Capital Management LLC raised its stake in Navitas Semiconductor by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 4,417,408 shares of the company’s stock valued at $31,546,000 after acquiring an additional 501,110 shares during the period. Finally, UBS Group AG lifted its holdings in Navitas Semiconductor by 131.0% during the 4th quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock valued at $23,612,000 after purchasing an additional 1,875,228 shares during the last quarter. 46.14% of the stock is owned by institutional investors.

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.