Navitas Semiconductor (NASDAQ:NVTS) Receives “Neutral” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their neutral rating on shares of Navitas Semiconductor (NASDAQ:NVTS) in a research note released on Monday,Benzinga reports. The brokerage currently has a $8.00 price objective on the stock.

Other analysts have also issued reports about the company. CJS Securities lowered Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 18th. Needham & Company LLC boosted their price target on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Navitas Semiconductor has a consensus rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Price Performance

NVTS stock opened at $9.60 on Monday. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $6.97. Navitas Semiconductor has a fifty-two week low of $1.52 and a fifty-two week high of $17.79. The stock has a market capitalization of $2.05 billion, a PE ratio of -15.00 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The business’s quarterly revenue was down 53.4% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year.

Insider Activity at Navitas Semiconductor

In other news, Director Brian Long sold 750,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the completion of the sale, the director owned 2,670,991 shares of the company’s stock, valued at $15,598,587.44. This represents a 21.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd Glickman sold 96,313 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $10.56, for a total transaction of $1,017,065.28. Following the sale, the chief financial officer owned 891,268 shares in the company, valued at approximately $9,411,790.08. The trade was a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,801,909 shares of company stock valued at $17,113,398 over the last quarter. 29.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVTS. Cornerstone Investment Partners LLC acquired a new position in Navitas Semiconductor during the second quarter worth $461,000. Hsbc Holdings PLC lifted its position in Navitas Semiconductor by 980.4% during the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company’s stock worth $323,000 after buying an additional 143,890 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of Navitas Semiconductor during the 1st quarter worth about $567,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Navitas Semiconductor during the 2nd quarter worth about $273,000. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Navitas Semiconductor in the 2nd quarter valued at about $295,000. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Company Profile

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company’s products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.