Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 5% – Should You Sell?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price dropped 5% during mid-day trading on Friday . The stock traded as low as $13.17 and last traded at $13.47. Approximately 11,047,145 shares were traded during trading, a decline of 61% from the average session volume of 28,004,088 shares. The stock had previously closed at $14.18.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Rosenblatt Securities raised their price objective on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird lifted their price objective on 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 Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Finally, Needham & Company LLC increased their target price 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. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.74.

Navitas Semiconductor Price Performance

The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -21.38 and a beta of 3.82. The firm’s fifty day moving average is $21.42 and its 200-day moving average is $13.81.

Navitas Semiconductor (NASDAQ:NVTS) 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 firm had revenue of $8.60 million during the quarter, compared to the consensus estimate of $8.22 million. During the same period last year, the business posted ($0.06) EPS. The business’s revenue was down 38.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.39 EPS for the current year.

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Gary Kent Wunderlich, Jr. sold 35,165 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.14, for a total value of $989,543.10. Following the transaction, the director directly owned 2,375,060 shares of the company’s stock, valued at approximately $66,834,188.40. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Allexandre sold 13,323 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total value of $423,804.63. Following the transaction, the chief executive officer owned 1,072,633 shares in the company, valued at $34,120,455.73. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,989,478 shares of company stock worth $116,356,387 in the last quarter. 12.40% of the stock is currently owned by company insiders.

Institutional Trading of Navitas Semiconductor

Several hedge funds have recently modified their holdings of NVTS. Beaird Harris Wealth Management LLC lifted its position in shares of Navitas Semiconductor by 247.8% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock valued at $31,000 after acquiring an additional 1,239 shares during the period. Allworth Financial LP grew its holdings in Navitas Semiconductor by 309.4% in the third quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after purchasing an additional 2,698 shares during the period. Geneos Wealth Management Inc. increased its stake in Navitas Semiconductor by 3,200.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $36,000 after purchasing an additional 4,000 shares in the last quarter. NewEdge Advisors LLC increased its stake in Navitas Semiconductor by 189.8% in the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after purchasing an additional 2,942 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Navitas Semiconductor by 116.5% during the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after purchasing an additional 2,548 shares during the period. Institutional investors own 46.14% of the company’s stock.

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.