Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 5.3% – Still a Buy?

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) were up 5.3% on Monday . The company traded as high as $16.12 and last traded at $15.23. 14,001,632 shares were traded during trading, a decline of 51% from the average daily volume of 28,392,639 shares. The stock had previously closed at $14.46.

Analyst Ratings Changes

A number of analysts recently commented on NVTS shares. Needham & Company LLC boosted their price objective on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Rosenblatt Securities raised their price objective on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Finally, Morgan Stanley restated an “underweight” rating and issued a $13.70 target price on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.74.

Navitas Semiconductor Stock Performance

The stock has a fifty day simple moving average of $21.54 and a two-hundred day simple moving average of $13.73. The stock has a market cap of $3.27 billion, a PE ratio of -22.21 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The firm had revenue of $8.60 million during the quarter, compared to analyst estimates of $8.22 million. During the same quarter last year, the firm earned ($0.06) EPS. Navitas Semiconductor’s quarterly revenue was down 38.7% on a year-over-year basis. On average, equities analysts predict that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.11, for a total value of $2,052,030.00. Following the sale, the director owned 13,964 shares of the company’s stock, valued at $392,528.04. This trade represents a 83.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Hendrix sold 110,165 shares of Navitas Semiconductor stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the completion of the transaction, the director owned 101,709 shares in the company, valued at $2,945,492.64. This trade represents a 52.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,989,478 shares of company stock valued at $116,356,387 in the last 90 days. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NVTS. Kestra Advisory Services LLC lifted its holdings in Navitas Semiconductor by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company’s stock worth $370,000 after buying an additional 1,150 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Navitas Semiconductor by 12.6% during the fourth quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock valued at $96,000 after acquiring an additional 1,505 shares during the period. Captrust Financial Advisors boosted its holdings in Navitas Semiconductor by 3.8% in the second quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after acquiring an additional 1,667 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in Navitas Semiconductor by 16.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,996 shares of the company’s stock valued at $86,000 after purchasing an additional 1,725 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Navitas Semiconductor by 3.9% during the 4th quarter. Osaic Holdings Inc. now owns 46,304 shares of the company’s stock valued at $331,000 after purchasing an additional 1,743 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.