Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Up – Time to Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $12.23, but opened at $13.10. Navitas Semiconductor shares last traded at $12.6580, with a volume of 4,144,171 shares.

Wall Street Analyst Weigh In

NVTS has been the topic of several analyst reports. Morgan Stanley reiterated an “underweight” rating and issued a $12.60 target price on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $21.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Jefferies Financial Group set a $13.00 price objective on Navitas Semiconductor in a research report on Tuesday, July 28th. Finally, Robert W. Baird increased their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Navitas Semiconductor presently has a consensus rating of “Hold” and an average price target of $15.92.

Navitas Semiconductor Stock Performance

The stock has a 50-day simple moving average of $14.56 and a two-hundred day simple moving average of $14.57. The firm has a market cap of $3.32 billion, a PE ratio of -9.58 and a beta of 3.86.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings results on Monday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Navitas Semiconductor had a negative net margin of 856.85% and a negative return on equity of 13.13%. The firm had revenue of $10.53 million for the quarter, compared to the consensus estimate of $9.97 million. During the same quarter last year, the firm posted ($0.25) EPS. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Navitas Semiconductor Corporation will post -0.31 EPS for the current fiscal year.

Insider Activity at Navitas Semiconductor

In related news, CEO Chris Allexandre sold 13,323 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $31.81, for a total value of $423,804.63. Following the sale, the chief executive officer owned 1,072,633 shares in the company, valued at approximately $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the completion of the sale, the director directly owned 13,964 shares of the company’s stock, valued at approximately $392,528.04. This trade represents a 83.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,989,478 shares of company stock worth $116,356,387 in the last three months. 12.40% of the stock is currently owned by company insiders.

Institutional Trading of Navitas Semiconductor

Several large investors have recently modified their holdings of the company. Allworth Financial LP lifted 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 valued at $26,000 after acquiring an additional 2,698 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Navitas Semiconductor during the 2nd quarter valued at about $27,000. NewEdge Advisors LLC increased its position in shares of Navitas Semiconductor by 189.8% during the 2nd 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 during the last quarter. Beaird Harris Wealth Management LLC lifted its stake in shares of Navitas Semiconductor by 247.8% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock worth $31,000 after purchasing an additional 1,239 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Navitas Semiconductor by 3,200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock worth $36,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 46.14% of the company’s stock.

Navitas Semiconductor Company Profile

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.