Navitas Semiconductor (NASDAQ:NVTS) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Navitas Semiconductor (NASDAQ:NVTS) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also commented on NVTS. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Rosenblatt Securities cut Navitas Semiconductor from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $4.00 to $12.00 in a research report on Monday, October 20th. CJS Securities cut Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 18th. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research report on Tuesday, August 5th. Finally, Craig Hallum downgraded Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.32.

Navitas Semiconductor Price Performance

NVTS opened at $12.56 on Tuesday. The stock’s 50 day simple moving average is $8.65 and its 200 day simple moving average is $6.49. Navitas Semiconductor has a 1 year low of $1.52 and a 1 year high of $17.79. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -19.32 and a beta of 3.03.

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

Insider Activity

In related news, Director Brian Long sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00. Following the transaction, the director owned 2,670,991 shares of the company’s stock, valued at approximately $15,598,587.44. This trade represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 2,705,596 shares of company stock valued at $16,096,333. Company insiders own 29.90% of the company’s stock.

Hedge Funds Weigh In On Navitas Semiconductor

Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in Navitas Semiconductor in the 1st quarter worth approximately $36,000. Larson Financial Group LLC purchased a new position in shares of Navitas Semiconductor in the first quarter worth $28,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Navitas Semiconductor in the first quarter worth $410,000. Vanguard Group Inc. lifted its stake in Navitas Semiconductor by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company’s stock worth $20,495,000 after purchasing an additional 123,598 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Navitas Semiconductor in the first quarter worth about $31,000. Hedge funds and other institutional investors own 46.14% of the company’s stock.

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.