Navitas Semiconductor Corporation (NASDAQ:NVTS) Given Consensus Rating of “Hold” by Brokerages

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.4833.

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

Insider Activity

In other Navitas Semiconductor news, 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 sale, the director directly owned 4,755,536 shares of the company’s stock, valued at $38,519,841.60. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Kent Wunderlich, Jr. sold 78,649 shares of Navitas Semiconductor stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $9.25, for a total transaction of $727,503.25. Following the sale, the director owned 136,615 shares of the company’s stock, valued at approximately $1,263,688.75. This trade represents a 36.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,330,585 shares of company stock worth $28,342,998 in the last three months. Company insiders own 29.90% of the company’s stock.

Institutional Trading of Navitas Semiconductor

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

Navitas Semiconductor Price Performance

Shares of NASDAQ NVTS traded down $0.28 during trading on Thursday, hitting $8.48. 7,066,095 shares of the company were exchanged, compared to its average volume of 26,407,113. Navitas Semiconductor has a 1 year low of $1.52 and a 1 year high of $17.79. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -13.24 and a beta of 3.16. The firm’s fifty day moving average price is $8.94 and its 200 day moving average price is $8.56.

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.