Navitas Semiconductor (NASDAQ:NVTS) Shares Up 16.7% – Should You Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS) was up 16.7% during trading on Wednesday . The stock traded as high as $9.88 and last traded at $9.6420. Approximately 12,919,794 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 23,692,852 shares. The stock had previously closed at $8.26.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NVTS shares. Rosenblatt Securities cut their price objective on shares of Navitas Semiconductor from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Finally, Needham & Company LLC lifted their price objective on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.32.

Navitas Semiconductor Price Performance

The stock’s 50 day moving average price is $8.90 and its two-hundred day moving average price is $8.64. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -15.79 and a beta of 3.16.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Tuesday, February 24th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 15.27%. The firm had revenue of $7.30 million for the quarter, compared to the consensus estimate of $6.95 million. During the same quarter last year, the firm posted ($0.06) EPS. The business’s quarterly revenue was down 59.4% on a year-over-year basis. As a group, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity

In other Navitas Semiconductor news, Director Gary Kent Wunderlich, Jr. sold 49,651 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $9.31, for a total value of $462,250.81. Following the sale, the director owned 86,964 shares of the company’s stock, valued at $809,634.84. This trade represents a 36.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dipender Saluja sold 873,488 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $8.10, for a total value of $7,075,252.80. Following the transaction, the director owned 4,755,536 shares of the company’s stock, valued at approximately $38,519,841.60. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,837,194 shares of company stock worth $15,589,829 over the last 90 days. Company insiders own 29.90% of the company’s stock.

Institutional Trading of Navitas Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in shares of Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after purchasing an additional 2,698 shares during the period. NewEdge Advisors LLC increased its stake in Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after acquiring an additional 2,942 shares during the period. CWM LLC raised its holdings in Navitas Semiconductor by 24.7% in the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after acquiring an additional 893 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Navitas Semiconductor by 116.5% in the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after acquiring an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Navitas Semiconductor by 1,376.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after purchasing an additional 4,927 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

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.