Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 18.2% – Time to Sell?

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares traded down 18.2% during trading on Friday . The stock traded as low as $24.38 and last traded at $25.08. 36,164,670 shares changed hands during trading, an increase of 25% from the average session volume of 28,990,670 shares. The stock had previously closed at $30.67.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Rosenblatt Securities boosted their price objective on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Needham & Company LLC boosted their price objective on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley restated an “underweight” rating and set a $13.70 price objective on shares of Navitas Semiconductor in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Navitas Semiconductor from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.87.

Navitas Semiconductor Price Performance

The firm’s fifty day moving average price is $17.32 and its 200-day moving average price is $11.83. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of -39.81 and a beta of 3.75.

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

Insider Activity at Navitas Semiconductor

In other news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the completion of the transaction, the director directly owned 13,964 shares in the company, valued at approximately $392,528.04. This represents a 83.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Allexandre sold 13,323 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total transaction of $423,804.63. Following the transaction, the chief executive officer owned 1,072,633 shares of the company’s stock, valued at $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,087,630 shares of company stock valued at $117,414,466. 12.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. DNB Asset Management AS acquired a new stake in Navitas Semiconductor in the fourth quarter valued at $774,000. UBS Group AG increased its holdings in Navitas Semiconductor by 131.0% in the fourth 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. Diversify Advisory Services LLC acquired a new stake in Navitas Semiconductor in the third quarter valued at $960,000. Newbridge Financial Services Group Inc. increased its holdings in Navitas Semiconductor by 1,425.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 132,874 shares of the company’s stock valued at $949,000 after purchasing an additional 124,164 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Navitas Semiconductor in the fourth quarter valued at $484,000. 46.14% of the stock is currently 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.