Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Down on Analyst Downgrade

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price gapped down prior to trading on Tuesday after Rosenblatt Securities lowered their price target on the stock from $12.00 to $8.00. The stock had previously closed at $12.25, but opened at $10.26. Rosenblatt Securities currently has a neutral rating on the stock. Navitas Semiconductor shares last traded at $11.2880, with a volume of 16,067,305 shares trading hands.

Several other research firms have also weighed in on NVTS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a research note on Tuesday, August 5th. CJS Securities lowered Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 18th. Craig Hallum lowered Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.48.

Insiders Place Their Bets

In other news, Director Brian Long sold 500,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the completion of the transaction, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. This trade represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,705,596 shares of company stock valued at $16,096,333 in the last three months. Corporate insiders own 29.90% of the company’s stock.

Hedge Funds Weigh In On Navitas Semiconductor

Hedge funds have recently made changes to their positions in the stock. Cranbrook Wealth Management LLC bought a new position in shares of Navitas Semiconductor during the 2nd quarter worth about $25,000. Larson Financial Group LLC bought a new stake in shares of Navitas Semiconductor during the first quarter valued at approximately $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 acquiring an additional 2,942 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Navitas Semiconductor during the first quarter valued at approximately $31,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Navitas Semiconductor during the second quarter valued at approximately $33,000. 46.14% of the stock is currently owned by institutional investors.

Navitas Semiconductor Price Performance

The stock has a market cap of $2.23 billion, a P/E ratio of -16.34 and a beta of 3.10. The company has a fifty day moving average price of $9.00 and a 200 day moving average price of $6.77.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.98% and a negative net margin of 220.85%.The company’s quarterly revenue was down 53.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Navitas Semiconductor Company Profile

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.