Navitas Semiconductor (NASDAQ:NVTS) Shares Gap Down – What’s Next?

Navitas Semiconductor Corporation (NASDAQ:NVTS) gapped down before the market opened on Thursday . The stock had previously closed at $12.67, but opened at $11.97. Navitas Semiconductor shares last traded at $12.5590, with a volume of 2,471,698 shares trading hands.

Analyst Upgrades and Downgrades

NVTS has been the subject of a number of analyst reports. 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. 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 research report on Wednesday, May 6th. Robert W. Baird increased their target price on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.74.

Navitas Semiconductor Price Performance

The stock has a 50 day moving average price of $20.41 and a 200-day moving average price of $14.14. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -19.25 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, beating 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 firm had revenue of $8.60 million during the quarter, compared to analysts’ expectations of $8.22 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The business’s revenue for the quarter was down 38.7% on a year-over-year basis. As a group, research analysts forecast that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Insider Transactions at Navitas Semiconductor

In other news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ranbir Singh sold 3,060,118 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.29, for a total transaction of $89,630,856.22. Following the completion of the transaction, the director directly owned 15,607,533 shares of the company’s stock, valued at $457,144,641.57. This represents a 16.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,989,478 shares of company stock worth $116,356,387 in the last 90 days. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On Navitas Semiconductor

Institutional investors have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC boosted its position in shares of Navitas Semiconductor by 247.8% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock worth $31,000 after purchasing an additional 1,239 shares in the last quarter. Allworth Financial LP boosted its position in shares of Navitas Semiconductor by 309.4% in the third quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after acquiring an additional 2,698 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Navitas Semiconductor by 3,200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock worth $36,000 after purchasing an additional 4,000 shares during the period. NewEdge Advisors LLC increased its holdings in Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after purchasing an additional 2,942 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Navitas Semiconductor by 116.5% during the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after buying an additional 2,548 shares during the period. 46.14% of the stock is owned by institutional investors and hedge funds.

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.