Analysts Set Navitas Semiconductor Corporation (NASDAQ:NVTS) PT at $6.48

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.4833.

A number of equities research analysts recently weighed in on NVTS shares. Needham & Company LLC upped their target price on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Rosenblatt Securities restated a “neutral” rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Monday, November 10th. Finally, Jefferies Financial Group upgraded Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th.

Insider Transactions at Navitas Semiconductor

In other news, CFO Todd Glickman sold 78,307 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $9.77, for a total value of $765,059.39. Following the completion of the sale, the chief financial officer owned 813,279 shares in the company, valued at $7,945,735.83. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dipender Saluja sold 873,488 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.10, for a total transaction of $7,075,252.80. Following the transaction, the director directly owned 4,755,536 shares in the company, valued at $38,519,841.60. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,330,585 shares of company stock worth $28,342,998. 29.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

Several institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its stake in shares of Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after acquiring an additional 2,698 shares during the period. NewEdge Advisors LLC boosted 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 worth $29,000 after purchasing an additional 2,942 shares during the period. CWM LLC increased its stake in shares of Navitas Semiconductor by 24.7% in the third quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after purchasing an additional 893 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Navitas Semiconductor by 116.5% in the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after purchasing an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Navitas Semiconductor by 1,376.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock valued at $38,000 after buying an additional 4,927 shares in the last quarter. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Stock Down 0.8%

Shares of NASDAQ:NVTS opened at $8.30 on Thursday. The firm has a market cap of $1.91 billion, a P/E ratio of -12.97 and a beta of 3.16. The business has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $8.57. Navitas Semiconductor has a 12-month low of $1.52 and a 12-month high of $17.79.

Navitas Semiconductor Company Profile

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.