Rosenblatt Securities Reiterates “Neutral” Rating for Navitas Semiconductor (NASDAQ:NVTS)

Navitas Semiconductor (NASDAQ:NVTS)‘s stock had its “neutral” rating reiterated by investment analysts at Rosenblatt Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $8.00 target price on the stock. Rosenblatt Securities’ price objective would indicate a potential downside of 12.28% from the company’s current price.

NVTS has been the topic of several other reports. Jefferies Financial Group raised Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Craig Hallum cut 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. CJS Securities downgraded shares of Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 18th. Finally, Needham & Company LLC boosted their price target on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Navitas Semiconductor presently has a consensus rating of “Hold” and a consensus target price of $6.48.

Navitas Semiconductor Price Performance

NVTS opened at $9.12 on Monday. Navitas Semiconductor has a fifty-two week low of $1.52 and a fifty-two week high of $17.79. The company’s 50 day moving average price is $9.31 and its two-hundred day moving average price is $7.02. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.25 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Navitas Semiconductor had a negative net margin of 220.85% and a negative return on equity of 14.86%. The company had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.00 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Navitas Semiconductor’s revenue was down 53.4% compared to the same quarter last year. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Navitas Semiconductor will post -0.51 EPS for the current year.

Insider Buying and Selling

In related news, CFO Todd Glickman sold 96,313 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $10.56, for a total transaction of $1,017,065.28. Following the transaction, the chief financial officer owned 891,268 shares in the company, valued at $9,411,790.08. The trade was a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Long sold 750,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the completion of the sale, the director owned 2,670,991 shares of the company’s stock, valued at $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,801,909 shares of company stock worth $17,113,398 over the last 90 days. Company insiders own 29.90% of the company’s stock.

Hedge Funds Weigh In On Navitas Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cranbrook Wealth Management LLC acquired a new position in Navitas Semiconductor during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC acquired a new stake in Navitas Semiconductor in 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. acquired a new position in shares of Navitas Semiconductor during the first quarter worth approximately $31,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Navitas Semiconductor in the 2nd quarter worth $33,000. Institutional investors own 46.14% of the company’s stock.

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.