Navitas Semiconductor (NASDAQ:NVTS) Stock Price Down 6.7% – Time to Sell?

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) fell 6.7% on Tuesday . The stock traded as low as $20.70 and last traded at $22.85. 42,474,665 shares were traded during trading, an increase of 46% from the average session volume of 29,119,379 shares. The stock had previously closed at $24.48.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVTS. Robert W. Baird increased their price target on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Rosenblatt Securities increased their price target on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Navitas Semiconductor from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley reiterated an “underweight” rating and set a $13.70 price target on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.87.

Navitas Semiconductor Stock Performance

The firm has a 50 day simple moving average of $18.49 and a 200 day simple moving average of $12.26. The firm has a market cap of $5.19 billion, a P/E ratio of -35.25 and a beta of 3.75.

Navitas Semiconductor (NASDAQ:NVTS) last issued its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The business had revenue of $8.60 million during the quarter, compared to the consensus estimate of $8.22 million. During the same quarter last year, the company earned ($0.06) EPS. The firm’s revenue was down 38.7% compared to the same quarter last year. Sell-side analysts predict that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Ranbir Singh sold 3,060,118 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.29, for a total value of $89,630,856.22. Following the completion of the transaction, the director owned 15,607,533 shares in the company, valued at $457,144,641.57. This trade represents a 16.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.11, for a total value of $2,052,030.00. Following the completion of the transaction, the director owned 13,964 shares of the company’s stock, valued at approximately $392,528.04. This represents a 83.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,087,630 shares of company stock worth $117,414,466 over the last quarter. Insiders own 12.40% of the company’s stock.

Institutional Trading of Navitas Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of NVTS. Invesco Ltd. raised its holdings in shares of Navitas Semiconductor by 257.8% in the 4th 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 in the last quarter. Marex Group plc raised its holdings in shares of Navitas Semiconductor by 22,203.8% in the 4th quarter. Marex Group plc now owns 2,675,113 shares of the company’s stock valued at $19,100,000 after acquiring an additional 2,663,119 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Navitas Semiconductor by 23.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock valued at $96,464,000 after acquiring an additional 2,550,613 shares in the last quarter. Ghisallo Capital Management LLC purchased a new stake in shares of Navitas Semiconductor in the 4th quarter valued at about $15,867,000. Finally, UBS Group AG raised its holdings in shares of Navitas Semiconductor by 131.0% in the 4th quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock valued at $23,612,000 after acquiring an additional 1,875,228 shares in the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

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.