Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 10.6% Following Earnings Beat

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares rose 10.6% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $8.78 and last traded at $8.7690. Approximately 4,066,644 shares traded hands during trading, a decline of 82% from the average session volume of 22,608,701 shares. The stock had previously closed at $7.93.

The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $13.99 million during the quarter, compared to analyst estimates of $13.42 million. Navitas Semiconductor had a negative return on equity of 13.00% and a negative net margin of 818.84%. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share.

Key Navitas Semiconductor News

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

• Positive Sentiment: Navitas reported a third-quarter loss of $0.03 per share, narrower than the $0.04 loss analysts expected, while revenue of $13.99 million topped the $13.42 million estimate and rose 38.4% year over year. Navitas Q3 earnings beat estimates on high-power demand
• Positive Sentiment: Management highlighted accelerating AI-infrastructure demand, customer program ramps and growing interest in 800-volt power technologies as potential sources of sustained growth. Q3 earnings call highlights AI infrastructure growth
• Positive Sentiment: Craig Hallum raised its rating from Hold to Buy with a $13 price target, and Rosenblatt also upgraded the shares to Buy. Craig Hallum lifts Navitas to Buy
• Negative Sentiment: Needham lowered its price target to $15 from $21, though it kept a Buy rating. The cut may temper optimism even as the analyst remains positive on the shares. Needham lowers Navitas price target
• Negative Sentiment: Reports describe a steep share-price pullback, suggesting the earnings beat and growth outlook have not outweighed investor caution. Navitas also faces execution and integration risks tied to its planned 2026 Claros acquisition and voltage-regulator business. Why NVTS is falling Execution risks around acquisition and integration

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVTS. Craig Hallum upgraded shares of Navitas Semiconductor from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday. Wall Street Zen lowered Navitas Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Jefferies Financial Group set a $13.00 target price on Navitas Semiconductor in a research note on Tuesday, July 28th. Rosenblatt Securities upgraded Navitas Semiconductor from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $12.60 target price on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Navitas Semiconductor presently has an average rating of “Hold” and an average target price of $14.43.

Institutional Trading of Navitas Semiconductor

Several hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in Navitas Semiconductor in the second quarter worth $27,000. Root Financial Partners LLC acquired a new position in shares of Navitas Semiconductor in the 3rd quarter valued at $27,000. Beaird Harris Wealth Management LLC grew its holdings 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 valued at $31,000 after buying an additional 1,239 shares during the period. Geneos Wealth Management Inc. increased its position 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 valued at $36,000 after buying an additional 4,000 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Navitas Semiconductor by 92.8% in the 1st quarter. State of Wyoming now owns 4,803 shares of the company’s stock valued at $42,000 after buying an additional 2,312 shares in the last quarter. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Stock Performance

The firm has a market cap of $2.05 billion, a P/E ratio of -5.70 and a beta of 4.04. The stock’s 50-day moving average is $10.66 and its 200 day moving average is $13.23.

Navitas Semiconductor Company Profile

Navitas Semiconductor Corporation (NASDAQ:NVTS) develops power semiconductor technologies designed to improve the efficiency, performance and size of electronic systems. The company specializes in gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices, which are used to convert and manage electrical power.

Its product portfolio includes GaNFast power ICs, GeneSiC silicon carbide products and related power-management solutions. These technologies are used in applications such as mobile and consumer chargers, data centers, solar inverters, electric vehicles, energy storage systems, appliances and industrial equipment.

Founded in 2014, Navitas serves customers and markets globally through its semiconductor products and engineering support.