Navitas Semiconductor (NASDAQ:NVTS) Trading 16.5% Higher – Still a Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price shot up 16.5% during trading on Friday . The company traded as high as $8.60 and last traded at $8.6560. 7,634,798 shares changed hands during trading, a decline of 72% from the average session volume of 27,094,666 shares. The stock had previously closed at $7.43.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NVTS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Thursday, January 22nd. 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 note on Tuesday, November 4th. Jefferies Financial Group raised shares of Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Monday, November 10th. 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 company. Based on data from MarketBeat.com, Navitas Semiconductor currently has an average rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Price Performance

The company has a market cap of $2.04 billion, a PE ratio of -13.81 and a beta of 3.16. The business’s 50 day moving average is $8.91 and its 200-day moving average is $8.56.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative net margin of 220.85% and a negative return on equity of 14.86%. The company’s revenue was down 53.4% on a year-over-year basis. During the same period last year, the business earned ($0.10) EPS. As a group, sell-side analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dipender Saluja sold 873,488 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $8.10, for a total transaction of $7,075,252.80. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd Glickman sold 78,307 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 813,279 shares of the company’s stock, valued at $7,945,735.83. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,330,585 shares of company stock valued at $28,342,998 over the last 90 days. 29.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CWM LLC raised its stake in Navitas Semiconductor by 24.7% during the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after acquiring an additional 893 shares in the last quarter. Strategic Blueprint LLC increased its position in shares of Navitas Semiconductor by 6.5% during the third quarter. Strategic Blueprint LLC now owns 15,426 shares of the company’s stock worth $111,000 after purchasing an additional 937 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Navitas Semiconductor by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock valued at $219,000 after purchasing an additional 1,120 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Navitas Semiconductor by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after purchasing an additional 1,667 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in Navitas Semiconductor by 16.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,996 shares of the company’s stock worth $86,000 after buying an additional 1,725 shares during the last quarter. Institutional investors and hedge funds own 46.14% of the company’s stock.

About Navitas Semiconductor

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.