Navitas Semiconductor (NASDAQ:NVTS) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Navitas Semiconductor (NASDAQ:NVTS) in a research note released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $8.00 price objective on the stock.

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

Navitas Semiconductor Stock Down 1.8%

Shares of Navitas Semiconductor stock opened at $6.09 on Tuesday. The company’s fifty day simple moving average is $6.92 and its two-hundred day simple moving average is $4.39. Navitas Semiconductor has a 12-month low of $1.52 and a 12-month high of $9.48. The firm has a market cap of $1.30 billion, a PE ratio of -9.37 and a beta of 3.02.

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

Insider Activity

In other Navitas Semiconductor news, CEO Eugene Sheridan sold 361,332 shares of Navitas Semiconductor stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $8.23, for a total value of $2,973,762.36. Following the completion of the transaction, the chief executive officer directly owned 600,000 shares of the company’s stock, valued at approximately $4,938,000. The trade was a 37.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Long sold 2,955,509 shares of Navitas Semiconductor stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $6.61, for a total transaction of $19,535,914.49. Following the completion of the transaction, the director directly owned 5,920,991 shares of the company’s stock, valued at $39,137,750.51. This trade represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,117,221 shares of company stock valued at $80,532,953 over the last ninety days. 29.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Navitas Semiconductor

A number of large investors have recently made changes to their positions in the stock. Cranbrook Wealth Management LLC bought a new stake in Navitas Semiconductor during the second quarter valued at approximately $25,000. Simplicity Wealth LLC bought a new stake in Navitas Semiconductor during the first quarter valued at approximately $26,000. Larson Financial Group LLC bought a new stake in Navitas Semiconductor during the first quarter valued at approximately $28,000. NewEdge Advisors LLC grew its position in 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 buying an additional 2,942 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in Navitas Semiconductor during the first quarter valued at approximately $31,000. 46.14% of the stock is currently owned by institutional investors.

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.