Navitas Semiconductor (NASDAQ:NVTS) Trading Down 4.2% Following Analyst Downgrade

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s share price dropped 4.2% during trading on Tuesday after CJS Securities downgraded the stock from an outperform rating to a market perform rating. The stock traded as low as $6.51 and last traded at $6.49. Approximately 3,406,884 shares were traded during trading, a decline of 84% from the average daily volume of 21,940,541 shares. The stock had previously closed at $6.77.

Other equities analysts have also recently issued reports about the company. Craig Hallum cut Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research note on Tuesday, August 5th. Rosenblatt Securities reduced their price objective on Navitas Semiconductor from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Needham & Company LLC raised their price objective on Navitas Semiconductor from $3.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $3.50 price objective on the stock. in a research note on Tuesday, June 17th. Finally, Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.65.

Insider Buying and Selling

In other Navitas Semiconductor news, Director Richard J. Hendrix sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $8.12, for a total value of $162,400.00. Following the sale, the director directly owned 45,456 shares in the company, valued at approximately $369,102.72. This trade represents a 30.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eugene Sheridan sold 238,668 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $7.50, for a total value of $1,790,010.00. Following the completion of the sale, the chief executive officer owned 461,332 shares in the company, valued at $3,459,990. The trade was a 34.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,009,600 shares of company stock valued at $99,605,157 in the last three months. 29.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NVTS. Cranbrook Wealth Management LLC acquired a new position in shares of Navitas Semiconductor during the second quarter valued at $25,000. Simplicity Wealth LLC acquired a new position in shares of Navitas Semiconductor during the first quarter valued at $26,000. Larson Financial Group LLC acquired a new position in shares of Navitas Semiconductor during the first quarter valued at $28,000. NewEdge Advisors LLC increased its holdings in shares of Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after purchasing an additional 2,942 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in shares of Navitas Semiconductor during the first quarter valued at $31,000. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Price Performance

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -9.89 and a beta of 3.02. The business has a fifty day moving average price of $7.04 and a 200 day moving average price of $4.28.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The company’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Research analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

About Navitas Semiconductor

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.