Navitas Semiconductor (NASDAQ:NVTS) Shares Down 1.3% – What’s Next?

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) traded down 1.3% on Thursday . The stock traded as low as $27.73 and last traded at $28.51. 20,947,839 shares traded hands during trading, a decline of 25% from the average session volume of 28,102,045 shares. The stock had previously closed at $28.88.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley reissued an “underweight” rating and set a $13.70 price objective on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Rosenblatt Securities raised their price objective on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Tuesday, April 21st. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.87.

Navitas Semiconductor Stock Performance

The company’s fifty day moving average price is $15.08 and its 200 day moving average price is $11.01. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of -45.25 and a beta of 3.62.

Navitas Semiconductor (NASDAQ:NVTS) last posted 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. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The business had revenue of $8.60 million during the quarter, compared to analyst estimates of $8.22 million. During the same period in the previous year, the business posted ($0.06) EPS. The company’s quarterly revenue was down 38.7% on a year-over-year basis. As a group, sell-side analysts expect that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, CEO Chris Allexandre sold 9,236 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the transaction, the chief executive officer directly owned 813,323 shares of the company’s stock, valued at $7,262,974.39. The trade was a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Todd Glickman sold 98,152 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total transaction of $1,058,078.56. Following the transaction, the chief financial officer directly owned 735,231 shares of the company’s stock, valued at $7,925,790.18. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

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

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.