Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 8.4% – Should You Buy?

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) rose 8.4% during trading on Friday . The stock traded as high as $17.99 and last traded at $17.88. Approximately 17,425,510 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 25,732,461 shares. The stock had previously closed at $16.50.

Wall Street Analyst Weigh In

NVTS has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Rosenblatt Securities restated a “neutral” rating and issued a $7.00 target price on shares of Navitas Semiconductor in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.78.

Navitas Semiconductor Stock Performance

The stock’s fifty day moving average price is $10.59 and its 200-day moving average price is $9.94. The firm has a market cap of $4.03 billion, a PE ratio of -30.61 and a beta of 3.62.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $7.30 million during the quarter, compared to the consensus estimate of $6.95 million. Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The business’s revenue was down 59.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) EPS. Sell-side analysts forecast that Navitas Semiconductor Corporation will post -0.26 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Chris Allexandre sold 9,236 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total value of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares in the company, valued at $7,262,974.39. This trade represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Glickman sold 98,152 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total transaction of $1,058,078.56. Following the completion of the transaction, the chief financial officer owned 735,231 shares of the company’s stock, valued at $7,925,790.18. This represents a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 509,016 shares of company stock worth $4,967,814 in the last 90 days. 29.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Navitas Semiconductor

A number of large investors have recently added to or reduced their stakes in NVTS. Allworth Financial LP grew its stake in Navitas Semiconductor by 309.4% in the 3rd 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 last quarter. NewEdge Advisors LLC grew its stake in Navitas Semiconductor by 189.8% in the 2nd 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 last quarter. CWM LLC grew its stake 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 during the last quarter. GAMMA Investing LLC grew its stake in Navitas Semiconductor by 116.5% in the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Navitas Semiconductor by 1,376.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock valued at $38,000 after acquiring an additional 4,927 shares during 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.