Navitas Semiconductor Corporation (NASDAQ:NVTS) Receives $6.48 Consensus Target Price from Brokerages

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.4833.

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

Navitas Semiconductor Stock Up 19.2%

Shares of NVTS opened at $8.86 on Thursday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -13.84 and a beta of 3.16. The company’s fifty day moving average is $8.91 and its 200-day moving average is $8.56. Navitas Semiconductor has a 12 month low of $1.52 and a 12 month high of $17.79.

Insiders Place Their Bets

In other news, Director Gary Kent Wunderlich, Jr. sold 78,649 shares of Navitas Semiconductor stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $9.25, for a total value of $727,503.25. Following the transaction, the director directly owned 136,615 shares in the company, valued at approximately $1,263,688.75. The trade was a 36.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Long sold 1,493,046 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $8.54, for a total value of $12,750,612.84. Following the sale, the director owned 222,349 shares of the company’s stock, valued at approximately $1,898,860.46. The trade was a 87.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,330,585 shares of company stock worth $28,342,998 in the last ninety days. 29.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Navitas Semiconductor

Hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its stake in Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock worth $29,000 after purchasing an additional 2,942 shares during the period. CWM LLC raised its position in shares of Navitas Semiconductor by 24.7% during the third 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. GAMMA Investing LLC lifted its stake in shares of Navitas Semiconductor by 116.5% in the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after buying an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Navitas Semiconductor by 1,376.3% during the third quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after buying an additional 4,927 shares in the last quarter. 46.14% of the stock is owned by institutional investors.

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.