Navitas Semiconductor (NASDAQ:NVTS) Shares Down 7.8% – Should You Sell?

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares fell 7.8% during trading on Tuesday . The company traded as low as $10.04 and last traded at $10.0570. 6,259,065 shares changed hands during trading, a decline of 80% from the average session volume of 32,062,590 shares. The stock had previously closed at $10.91.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group upgraded Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. Rosenblatt Securities restated a “neutral” rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research note on Monday, November 10th. Finally, Needham & Company LLC increased their price objective on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.48.

Navitas Semiconductor Stock Down 10.2%

The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -15.30 and a beta of 3.16. The stock has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $8.31.

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

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Ranbir Singh sold 179,354 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $8.68, for a total value of $1,556,792.72. Following the sale, the director directly owned 389,096 shares in the company, valued at approximately $3,377,353.28. The trade was a 31.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Kent Wunderlich, Jr. sold 78,649 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $9.25, for a total value of $727,503.25. Following the completion of the transaction, the director directly owned 136,615 shares in the company, valued at $1,263,688.75. This represents a 36.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,426,898 shares of company stock valued at $29,360,063. 29.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its holdings 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 buying an additional 893 shares during the period. Strategic Blueprint LLC grew its position in Navitas Semiconductor by 6.5% during the 3rd 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 raised its stake in Navitas Semiconductor by 3.8% during 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 period. Captrust Financial Advisors lifted its holdings in shares of Navitas Semiconductor by 3.8% in the second 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 in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Navitas Semiconductor by 16.8% in the fourth 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 period. 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.