Navitas Semiconductor (NASDAQ:NVTS) Shares Down 5.7% After Analyst Downgrade

by · The Cerbat Gem

Navitas Semiconductor Corporation (NASDAQ:NVTS – Get Free Report) shares traded down 5.7% on Wednesday after Rosenblatt Securities lowered their price target on the stock from $12.00 to $8.00. Rosenblatt Securities currently has a neutral rating on the stock. Navitas Semiconductor traded as low as $9.62 and last traded at $9.86. 28,711,079 shares were traded during mid-day trading, an increase of 7% from the average session volume of 26,741,563 shares. The stock had previously closed at $10.46.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. CJS Securities lowered Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 18th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Navitas Semiconductor has a consensus rating of “Hold” and a consensus target price of $6.48.

Get Our Latest Stock Report on Navitas Semiconductor

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Brian Long sold 750,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total value of $4,380,000.00. Following the completion of the transaction, the director directly owned 2,670,991 shares in the company, valued at approximately $15,598,587.44. The trade was a 21.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 2,705,596 shares of company stock valued at $16,096,333. Insiders own 29.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cranbrook Wealth Management LLC acquired a new stake in shares of Navitas Semiconductor during the 2nd quarter worth $25,000. NewEdge Advisors LLC increased its holdings in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock worth $29,000 after buying an additional 2,942 shares during the last quarter. CWM LLC increased its holdings in shares of Navitas Semiconductor by 24.7% during the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after buying an additional 893 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Navitas Semiconductor during the 2nd quarter worth $33,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Navitas Semiconductor by 1,376.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after buying an additional 4,927 shares during the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Navitas Semiconductor Stock Performance

The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -15.41 and a beta of 3.10. The business has a fifty day moving average price of $9.00 and a 200 day moving average price of $6.77.

Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.98% and a negative net margin of 220.85%.The business’s revenue for the quarter was down 53.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS. Navitas Semiconductor has set its Q4 2025 guidance at EPS. On average, analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Navitas Semiconductor Company Profile

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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.

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