Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 9.7% – Time to Sell?

Navitas Semiconductor Corporation (NASDAQ:NVTS) traded down 9.7% during mid-day trading on Tuesday . The company traded as low as $21.01 and last traded at $21.40. 20,692,554 shares were traded during trading, a decline of 28% from the average daily volume of 28,831,404 shares. The stock had previously closed at $23.70.

Wall Street Analysts Forecast Growth

Several analysts have commented on NVTS shares. Robert W. Baird upped their price objective on Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Needham & Company LLC lifted their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley reissued an “underweight” rating and issued a $13.70 target price on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen raised Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.74.

Navitas Semiconductor Price Performance

The stock has a market capitalization of $5.00 billion, a PE ratio of -33.97 and a beta of 3.75. The stock has a 50 day moving average of $20.77 and a two-hundred day moving average of $13.10.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data 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. 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 analysts’ expectations of $8.22 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. Navitas Semiconductor’s revenue was down 38.7% compared to the same quarter last year. As a group, research analysts predict that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current fiscal year.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, Director Richard J. Hendrix sold 110,165 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the transaction, the director directly owned 101,709 shares in the company, valued at approximately $2,945,492.64. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Chris Allexandre sold 13,323 shares of the company’s stock in a transaction dated 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 in the company, valued at $34,120,455.73. The trade was 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 quarter, insiders sold 3,989,478 shares of company stock valued at $116,356,387. Company insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Navitas Semiconductor

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC increased its stake 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 worth $370,000 after purchasing an additional 1,150 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Navitas Semiconductor by 12.6% in the 4th quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock valued at $96,000 after buying an additional 1,505 shares in the last quarter. Captrust Financial Advisors grew its holdings in 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 buying an additional 1,667 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in 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 buying an additional 1,725 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Navitas Semiconductor by 3.9% during the fourth quarter. Osaic Holdings Inc. now owns 46,304 shares of the company’s stock worth $331,000 after buying an additional 1,743 shares in the last quarter. 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.