Navitas Semiconductor (NASDAQ:NVTS) Trading Up 3.9% – Here’s What Happened

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s share price traded up 3.9% during mid-day trading on Wednesday . The company traded as high as $8.65 and last traded at $8.34. 20,607,384 shares were traded during mid-day trading, a decline of 23% from the average session volume of 26,657,127 shares. The stock had previously closed at $8.03.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NVTS. Needham & Company LLC lifted their price target on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Craig Hallum cut shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a report on Tuesday, August 5th. CJS Securities lowered Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a report on Monday, August 18th. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.48.

Navitas Semiconductor Stock Up 3.9%

The firm’s 50 day simple moving average is $9.73 and its 200 day simple moving average is $7.44. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -13.03 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The business had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.00 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue was down 53.4% on a year-over-year basis. Navitas Semiconductor has set its Q4 2025 guidance at EPS. Analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity

In other Navitas Semiconductor news, CFO Todd Glickman sold 96,313 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $10.56, for a total transaction of $1,017,065.28. Following the sale, the chief financial officer directly owned 891,268 shares in the company, valued at approximately $9,411,790.08. The trade was a 9.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Long sold 750,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 directly owned 2,670,991 shares of the company’s stock, valued at approximately $15,598,587.44. This represents a 21.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,302,254 shares of company stock worth $14,090,955. 29.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Navitas Semiconductor

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Navitas Semiconductor by 23.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock worth $96,464,000 after buying an additional 2,550,613 shares in the last quarter. Jump Financial LLC bought a new stake in Navitas Semiconductor in the third quarter worth about $11,243,000. BNP Paribas Financial Markets lifted its holdings in Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company’s stock valued at $10,510,000 after acquiring an additional 1,492,512 shares during the last quarter. Invesco Ltd. lifted its holdings in Navitas Semiconductor by 75.2% in the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock valued at $20,999,000 after acquiring an additional 1,376,205 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Navitas Semiconductor by 1,742.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company’s stock valued at $9,356,000 after purchasing an additional 1,350,857 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

About Navitas Semiconductor

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.