Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 5.3% – Here’s Why

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s share price was down 5.3% during trading on Wednesday . The company traded as low as $8.52 and last traded at $8.64. 19,132,394 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 26,931,539 shares. The stock had previously closed at $9.12.

Wall Street Analysts Forecast Growth

Several analysts have commented on NVTS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Craig Hallum lowered shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a report on Tuesday, August 5th. Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a report on Tuesday, August 5th. Finally, Needham & Company LLC raised their price objective on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Navitas Semiconductor has an average rating of “Hold” and an average target price of $6.48.

Navitas Semiconductor Stock Down 5.3%

The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -13.50 and a beta of 3.10. The company’s 50 day moving average price is $9.31 and its 200 day moving average price is $7.02.

Navitas Semiconductor (NASDAQ:NVTS) last issued its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The firm’s quarterly revenue was down 53.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Navitas Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVTS. Cornerstone Investment Partners LLC purchased a new stake in shares of Navitas Semiconductor in the second quarter worth about $461,000. Hsbc Holdings PLC lifted its holdings in Navitas Semiconductor by 980.4% in the first 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 period. SCS Capital Management LLC purchased a new stake in Navitas Semiconductor in the 1st quarter worth approximately $567,000. Strategic Investment Solutions Inc. IL purchased a new stake in Navitas Semiconductor in the 2nd quarter worth approximately $273,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of Navitas Semiconductor during the 2nd quarter worth approximately $295,000. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Company Profile

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.