Navitas Semiconductor (NASDAQ:NVTS) Trading Up 11% – Time to Buy?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price traded up 11% during trading on Monday . The company traded as high as $15.76 and last traded at $16.0450. Approximately 4,371,787 shares traded hands during trading, a decline of 85% from the average session volume of 28,304,529 shares. The stock had previously closed at $14.46.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC lifted their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird boosted their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.70 price objective on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities lifted their target price on Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.74.

Navitas Semiconductor Stock Up 8.1%

The stock has a 50-day simple moving average of $21.67 and a 200-day simple moving average of $13.63. The firm has a market capitalization of $3.65 billion, a PE ratio of -24.87 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $8.60 million for the quarter, compared to analysts’ expectations of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The firm’s quarterly revenue was down 38.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. Equities analysts forecast that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Navitas Semiconductor news, CEO Chris Allexandre sold 13,323 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $31.81, for a total value of $423,804.63. Following the completion of the transaction, the chief executive officer directly owned 1,072,633 shares of the company’s stock, valued at $34,120,455.73. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard J. Hendrix sold 110,165 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.96, for a total value of $3,190,378.40. Following the transaction, the director owned 101,709 shares of the company’s stock, valued at approximately $2,945,492.64. The trade was a 52.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,989,478 shares of company stock worth $116,356,387. Company insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On Navitas Semiconductor

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its stake in Navitas Semiconductor by 257.8% in the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company’s stock valued at $33,827,000 after acquiring an additional 3,413,394 shares during the last quarter. Marex Group plc boosted its stake in shares of Navitas Semiconductor by 22,203.8% during the fourth quarter. Marex Group plc now owns 2,675,113 shares of the company’s stock valued at $19,100,000 after purchasing an additional 2,663,119 shares during the period. Ghisallo Capital Management LLC bought a new stake in Navitas Semiconductor in the 4th quarter worth $15,867,000. UBS Group AG grew its stake in shares of Navitas Semiconductor by 131.0% in the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock worth $23,612,000 after purchasing an additional 1,875,228 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Navitas Semiconductor during the third quarter valued at approximately $11,243,000. Institutional investors 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.