Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 11.3% – Here’s What Happened

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares fell 11.3% on Friday . The company traded as low as $7.18 and last traded at $7.84. 48,668,835 shares changed hands during mid-day trading, an increase of 81% from the average session volume of 26,836,775 shares. The stock had previously closed at $8.84.

Wall Street Analysts Forecast Growth

NVTS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Navitas Semiconductor to a “hold” rating in a research report on Tuesday, October 28th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a report on Tuesday, August 5th. Craig Hallum cut shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research report on Tuesday, August 5th. Finally, Rosenblatt Securities dropped their price target on Navitas Semiconductor from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Price Performance

The firm has a fifty day moving average price of $9.13 and a 200 day moving average price of $6.81. The firm has a market capitalization of $1.67 billion, a PE ratio of -12.25 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative net margin of 220.85% and a negative return on equity of 14.86%. Navitas Semiconductor’s quarterly revenue was down 53.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) EPS. Navitas Semiconductor has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Buying and Selling

In related news, CFO Todd Glickman sold 96,313 shares of Navitas Semiconductor stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $10.56, for a total transaction of $1,017,065.28. Following the completion of the transaction, the chief financial officer owned 891,268 shares in the company, valued at approximately $9,411,790.08. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Long sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the transaction, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. The trade was a 22.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,801,909 shares of company stock valued at $17,113,398. 29.90% of the stock is currently owned by company insiders.

Institutional Trading of Navitas Semiconductor

A number of institutional investors have recently bought and sold shares of the company. Cornerstone Investment Partners LLC bought a new stake in Navitas Semiconductor in the 2nd quarter worth about $461,000. Hsbc Holdings PLC boosted its holdings in shares of Navitas Semiconductor by 980.4% during the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company’s stock valued at $323,000 after acquiring an additional 143,890 shares during the last quarter. SCS Capital Management LLC bought a new stake in shares of Navitas Semiconductor in the first quarter worth approximately $567,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Navitas Semiconductor in the second quarter worth approximately $273,000. Finally, Vanguard Group Inc. raised its holdings in shares of Navitas Semiconductor by 1.3% during the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company’s stock valued at $20,495,000 after purchasing an additional 123,598 shares during the last quarter. Institutional investors own 46.14% of the company’s stock.

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.