Navitas Semiconductor (NASDAQ:NVTS) Stock Price Up 1.4% – Should You Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS) rose 1.4% during mid-day trading on Wednesday . The stock traded as high as $13.60 and last traded at $13.27. Approximately 13,955,561 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 27,645,701 shares. The stock had previously closed at $13.09.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVTS. Weiss Ratings raised shares of Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Robert W. Baird increased their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Rosenblatt Securities lifted their price target on Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Navitas Semiconductor has a consensus rating of “Hold” and an average target price of $14.74.

Navitas Semiconductor Trading Up 1.4%

The firm has a market cap of $3.10 billion, a P/E ratio of -21.06 and a beta of 3.82. The stock’s fifty day moving average is $21.21 and its two-hundred day moving average is $13.93.

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

Insiders Place Their Bets

In related news, CEO Chris Allexandre sold 13,323 shares of Navitas Semiconductor stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total transaction of $423,804.63. Following the completion of the sale, the chief executive officer owned 1,072,633 shares of the company’s stock, valued at approximately $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ranbir Singh sold 664,058 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.72, for a total value of $19,071,745.76. Following the transaction, the director owned 14,943,475 shares of the company’s stock, valued at approximately $429,176,602. The trade was a 4.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,989,478 shares of company stock worth $116,356,387. 12.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Beaird Harris Wealth Management LLC grew its stake in Navitas Semiconductor by 247.8% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock worth $31,000 after buying an additional 1,239 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Navitas Semiconductor by 17.2% during the 1st quarter. Bank of America Corp DE now owns 826,674 shares of the company’s stock worth $7,250,000 after acquiring an additional 121,162 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Navitas Semiconductor in the first quarter worth $123,000. California State Teachers Retirement System grew its position in Navitas Semiconductor by 39.8% in the first quarter. California State Teachers Retirement System now owns 227,220 shares of the company’s stock worth $1,993,000 after acquiring an additional 64,643 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Navitas Semiconductor by 12.5% in the first quarter. The Manufacturers Life Insurance Company now owns 93,115 shares of the company’s stock valued at $817,000 after acquiring an additional 10,323 shares during the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

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.