Navitas Semiconductor (NASDAQ:NVTS) Stock Jumps 10.6% After Better-Than-Expected Earnings

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price rose 10.6% on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $8.78 and last traded at $8.7690. Approximately 4,066,644 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 22,608,701 shares. The stock had previously closed at $7.93.

The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Navitas Semiconductor had a negative return on equity of 13.00% and a negative net margin of 818.84%. The business had revenue of $13.99 million during the quarter, compared to analyst estimates of $13.42 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Navitas Semiconductor’s revenue for the quarter was up 38.4% on a year-over-year basis.

Trending Headlines about Navitas Semiconductor

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas reported a third-quarter loss of $0.03 per share, narrower than the $0.04 loss analysts expected, while revenue of $13.99 million topped the $13.42 million estimate and rose 38.4% year over year. Navitas Q3 earnings beat estimates on high-power demand
• Positive Sentiment: Management highlighted accelerating AI-infrastructure demand, customer program ramps and growing interest in 800-volt power technologies as potential sources of sustained growth. Q3 earnings call highlights AI infrastructure growth
• Positive Sentiment: Craig Hallum raised its rating from Hold to Buy with a $13 price target, and Rosenblatt also upgraded the shares to Buy. Craig Hallum lifts Navitas to Buy
• Negative Sentiment: Needham lowered its price target to $15 from $21, though it kept a Buy rating. The cut may temper optimism even as the analyst remains positive on the shares. Needham lowers Navitas price target
• Negative Sentiment: Reports describe a steep share-price pullback, suggesting the earnings beat and growth outlook have not outweighed investor caution. Navitas also faces execution and integration risks tied to its planned 2026 Claros acquisition and voltage-regulator business. Why NVTS is falling Execution risks around acquisition and integration

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NVTS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Monday, September 14th. Craig Hallum raised shares of Navitas Semiconductor from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday. Morgan Stanley reaffirmed an “underweight” rating and issued a $12.60 price target on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Needham & Company LLC lowered their price objective on Navitas Semiconductor from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Rosenblatt Securities raised shares of Navitas Semiconductor from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Navitas Semiconductor presently has a consensus rating of “Hold” and an average price target of $14.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Navitas Semiconductor in the 2nd quarter valued at approximately $290,970,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Navitas Semiconductor during the 2nd quarter worth $75,701,000. Wellington Management Group LLP acquired a new position in shares of Navitas Semiconductor in the 2nd quarter valued at about $16,757,000. Tidal Investments LLC raised its stake in shares of Navitas Semiconductor by 161.2% in the 2nd quarter. Tidal Investments LLC now owns 1,132,184 shares of the company’s stock valued at $20,289,000 after acquiring an additional 698,683 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Navitas Semiconductor in the second quarter valued at about $9,116,000. 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 $2.05 billion, a PE ratio of -5.70 and a beta of 4.04. The firm has a fifty day moving average of $10.66 and a 200 day moving average of $13.23.

About Navitas Semiconductor

Navitas Semiconductor Corporation (NASDAQ:NVTS) develops power semiconductor technologies designed to improve the efficiency, performance and size of electronic systems. The company specializes in gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices, which are used to convert and manage electrical power.

Its product portfolio includes GaNFast power ICs, GeneSiC silicon carbide products and related power-management solutions. These technologies are used in applications such as mobile and consumer chargers, data centers, solar inverters, electric vehicles, energy storage systems, appliances and industrial equipment.

Founded in 2014, Navitas serves customers and markets globally through its semiconductor products and engineering support.