Navitas Semiconductor (NASDAQ:NVTS) Price Target Raised to $13.00

Navitas Semiconductor (NASDAQ:NVTS) had its price objective hoisted by Needham & Company LLC from $8.00 to $13.00 in a research note released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. CJS Securities lowered shares of Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 18th. Rosenblatt Securities decreased their price target on Navitas Semiconductor from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Craig Hallum cut Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.48.

Navitas Semiconductor Price Performance

NASDAQ:NVTS opened at $8.84 on Tuesday. The firm has a 50-day moving average of $9.13 and a two-hundred day moving average of $6.81. The stock has a market cap of $1.88 billion, a P/E ratio of -13.81 and a beta of 3.10. Navitas Semiconductor has a 1-year low of $1.52 and a 1-year high of $17.79.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The firm had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.00 million. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Navitas Semiconductor’s revenue for the quarter was down 53.4% on a year-over-year basis. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Navitas Semiconductor will post -0.51 earnings per share for the current year.

Insider Activity

In related news, CFO Todd Glickman sold 96,313 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $10.56, for a total value of $1,017,065.28. Following the sale, the chief financial officer owned 891,268 shares of the company’s stock, valued at $9,411,790.08. This trade represents a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Long sold 750,000 shares of Navitas Semiconductor stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00. Following the sale, the director directly owned 2,670,991 shares in the company, valued at approximately $15,598,587.44. This trade represents a 21.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,801,909 shares of company stock valued at $17,113,398 in the last 90 days. Insiders own 29.90% of the company’s stock.

Institutional Investors Weigh In On Navitas Semiconductor

A number of institutional investors have recently added to or reduced their stakes in NVTS. Cranbrook Wealth Management LLC bought a new position in Navitas Semiconductor during the second quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in shares of Navitas Semiconductor in the first quarter worth approximately $28,000. NewEdge Advisors LLC raised its stake in Navitas Semiconductor by 189.8% during 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 during the period. Benjamin Edwards Inc. acquired a new position in Navitas Semiconductor during the first quarter valued at $31,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Navitas Semiconductor in the second quarter worth approximately $33,000. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Navitas Semiconductor Company Profile

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company’s products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.