Navitas Semiconductor Co. (NASDAQ:NVTS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Navitas Semiconductor Co. (NASDAQ:NVTS) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.41.

NVTS has been the subject of a number of research reports. Robert W. Baird decreased their price objective on Navitas Semiconductor from $12.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Jefferies Financial Group restated a “hold” rating and set a $4.00 price objective (down from $10.00) on shares of Navitas Semiconductor in a research report on Monday, May 13th. Rosenblatt Securities decreased their price objective on Navitas Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft cut their price target on Navitas Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Needham & Company LLC cut their price target on Navitas Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, May 10th.

Insider Activity at Navitas Semiconductor

In related news, CEO Eugene Sheridan sold 38,431 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.80, for a total value of $184,468.80. Following the transaction, the chief executive officer now directly owns 3,061,631 shares of the company’s stock, valued at approximately $14,695,828.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Navitas Semiconductor news, CEO Eugene Sheridan sold 38,431 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.80, for a total value of $184,468.80. Following the transaction, the chief executive officer now directly owns 3,061,631 shares of the company’s stock, valued at approximately $14,695,828.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Daniel M. Kinzer sold 24,073 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.80, for a total value of $115,550.40. Following the completion of the transaction, the chief operating officer now directly owns 4,538,353 shares in the company, valued at $21,784,094.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,429 shares of company stock valued at $352,459. Corporate insiders own 31.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NVTS. Kodai Capital Management LP bought a new position in Navitas Semiconductor in the 4th quarter worth approximately $31,869,000. Intrinsic Edge Capital Management LLC grew its holdings in shares of Navitas Semiconductor by 91.6% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 2,717,692 shares of the company’s stock worth $21,932,000 after purchasing an additional 1,299,524 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Navitas Semiconductor by 14.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,572,707 shares of the company’s stock worth $59,580,000 after purchasing an additional 1,064,010 shares in the last quarter. Masters Capital Management LLC grew its holdings in shares of Navitas Semiconductor by 55.3% during the 4th quarter. Masters Capital Management LLC now owns 1,700,000 shares of the company’s stock worth $13,719,000 after purchasing an additional 605,000 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Navitas Semiconductor by 898.2% during the 3rd quarter. Barclays PLC now owns 391,238 shares of the company’s stock worth $2,720,000 after purchasing an additional 352,044 shares in the last quarter. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Stock Up 1.1 %

NASDAQ:NVTS opened at $3.79 on Thursday. Navitas Semiconductor has a 1-year low of $3.54 and a 1-year high of $11.16. The firm has a market capitalization of $679.36 million, a price-to-earnings ratio of -7.43 and a beta of 2.52. The stock has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $5.85.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. Navitas Semiconductor had a negative return on equity of 21.22% and a negative net margin of 97.75%. The firm had revenue of $26.06 million during the quarter, compared to analyst estimates of $25.68 million. Equities analysts predict that Navitas Semiconductor will post -0.5 earnings per share for the current 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.