Navitas Semiconductor (NASDAQ:NVTS) Trading Up 13% – Should You Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS) rose 13% during mid-day trading on Wednesday . The stock traded as high as $9.72 and last traded at $9.6850. Approximately 10,424,566 shares traded hands during trading, a decline of 54% from the average daily volume of 22,791,412 shares. The stock had previously closed at $8.57.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities restated a “neutral” rating and set a $7.00 price target on shares of Navitas Semiconductor in a report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.78.

Navitas Semiconductor Stock Up 14.4%

The stock’s 50-day moving average price is $8.89 and its 200 day moving average price is $9.24. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -17.18 and a beta of 3.15.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $7.30 million for the quarter, compared to analyst estimates of $6.95 million. Navitas Semiconductor had a negative return on equity of 14.52% and a negative net margin of 254.71%.The company’s quarterly revenue was down 59.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, research analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Activity

In other Navitas Semiconductor news, CFO Todd Glickman sold 98,152 shares of Navitas Semiconductor stock in a transaction on 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 sale, the chief financial officer owned 735,231 shares in the company, valued at $7,925,790.18. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Chris Allexandre sold 9,236 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the sale, the chief executive officer directly owned 813,323 shares in the company, valued at $7,262,974.39. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 509,016 shares of company stock worth $4,967,814. Company insiders own 29.90% of the company’s stock.

Institutional Trading of Navitas Semiconductor

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its stake in Navitas Semiconductor by 257.8% in the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company’s stock valued at $33,827,000 after acquiring an additional 3,413,394 shares during the period. Marex Group plc lifted its stake in Navitas Semiconductor by 22,203.8% during the fourth quarter. Marex Group plc now owns 2,675,113 shares of the company’s stock worth $19,100,000 after purchasing an additional 2,663,119 shares during the period. Vanguard Group Inc. lifted its stake in Navitas Semiconductor by 23.6% during the third quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock worth $96,464,000 after purchasing an additional 2,550,613 shares during the period. Ghisallo Capital Management LLC acquired a new stake in Navitas Semiconductor during the fourth quarter valued at approximately $15,867,000. Finally, UBS Group AG boosted its holdings in Navitas Semiconductor by 131.0% during the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock valued at $23,612,000 after purchasing an additional 1,875,228 shares in the last quarter. 46.14% of the stock is currently 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.