Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up – Here’s What Happened

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares gapped up before the market opened on Wednesday . The stock had previously closed at $25.86, but opened at $30.65. Navitas Semiconductor shares last traded at $31.82, with a volume of 36,691,134 shares trading hands.

Key Navitas Semiconductor News

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas said it is collaborating with NVIDIA’s MGX ecosystem to accelerate 800 VDC AI infrastructure, reinforcing the company’s role in next-generation data-center power delivery. Navitas Collaborates with NVIDIA MGX™ Ecosystem to Accelerate 800 VDC AI Infrastructure
• Positive Sentiment: Momentum has been amplified by heavy investor enthusiasm after Navitas’ technology was showcased at NVIDIA’s partner event, which helped push the stock to new highs and fueled speculation about further AI-related upside. Navitas Semiconductor shares gain on inclusion in Nvidia partner event
• Neutral Sentiment: Navitas also completed issuance of 3,283,844 Class A shares related to triggering events, a corporate action that investors may watch for dilution implications. Navitas Semiconductor Completes Share Issuance for Triggering Events
• Negative Sentiment: Some commentary is warning that NVTS’ valuation may have outrun fundamentals, with skepticism that NVIDIA enthusiasm alone can justify the stock’s steep run-up. Navitas: Nvidia Cannot Save This Valuation

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVTS. Needham & Company LLC lifted their price target on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised 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 target price on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Robert W. Baird boosted their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings cut Navitas Semiconductor from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.87.

Navitas Semiconductor Price Performance

The stock has a market cap of $7.17 billion, a P/E ratio of -48.68 and a beta of 3.75. The company has a fifty day moving average of $17.32 and a 200 day moving average of $11.83.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.22 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The firm’s quarterly revenue was down 38.7% compared to the same quarter last year. As a group, analysts anticipate that Navitas Semiconductor Corporation will post -0.39 EPS for the current year.

Insider Buying and Selling

In other Navitas Semiconductor news, CFO Todd Glickman sold 98,152 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $10.78, for a total value of $1,058,078.56. Following the transaction, the chief financial officer owned 735,231 shares of the company’s stock, valued at approximately $7,925,790.18. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ranbir Singh sold 3,060,118 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.29, for a total value of $89,630,856.22. Following the completion of the transaction, the director directly owned 15,607,533 shares in the company, valued at $457,144,641.57. This represents a 16.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,087,630 shares of company stock valued at $117,414,466 in the last three months. Insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NVTS. Prospera Financial Services Inc grew its holdings in shares of Navitas Semiconductor by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock valued at $219,000 after acquiring an additional 1,120 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Navitas Semiconductor by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company’s stock valued at $370,000 after acquiring an additional 1,150 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Navitas Semiconductor by 12.6% during the 4th quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock valued at $96,000 after acquiring an additional 1,505 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after acquiring an additional 1,667 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of Navitas Semiconductor by 16.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,996 shares of the company’s stock valued at $86,000 after acquiring an additional 1,725 shares in the last quarter. 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.