Analysts Set Navitas Semiconductor Corporation (NASDAQ:NVTS) PT at $6.48

Navitas Semiconductor Corporation (NASDAQ:NVTS) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.4833.

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

Navitas Semiconductor Trading Down 1.6%

NVTS stock opened at $8.09 on Thursday. The company’s 50 day moving average is $8.83 and its 200 day moving average is $8.58. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -12.64 and a beta of 3.16. Navitas Semiconductor has a 1-year low of $1.52 and a 1-year high of $17.79.

Insider Buying and Selling

In other news, Director Ranbir Singh sold 179,354 shares of Navitas Semiconductor stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $8.68, for a total value of $1,556,792.72. Following the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd Glickman sold 78,307 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $9.77, for a total value of $765,059.39. Following the sale, the chief financial officer owned 813,279 shares of the company’s stock, valued at $7,945,735.83. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,330,585 shares of company stock worth $28,342,998 over the last 90 days. Insiders own 29.90% of the company’s stock.

Institutional Trading of Navitas Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of NVTS. CWM LLC raised its holdings in Navitas Semiconductor by 24.7% during the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after buying an additional 893 shares during the last quarter. Strategic Blueprint LLC raised its stake 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 valued at $111,000 after acquiring an additional 937 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Navitas Semiconductor by 3.8% during the third quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock worth $219,000 after purchasing an additional 1,120 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Navitas Semiconductor by 12.6% in the fourth quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock worth $96,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in 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 purchasing an additional 1,667 shares during the period. 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.