Navitas Semiconductor (NASDAQ:NVTS) Trading Down 9.2% – What’s Next?

Navitas Semiconductor Corporation (NASDAQ:NVTS)’s stock price fell 9.2% on Friday . The stock traded as low as $10.90 and last traded at $10.92. Approximately 13,452,639 shares were traded during trading, a decline of 50% from the average session volume of 26,899,174 shares. The stock had previously closed at $12.03.

More Navitas Semiconductor News

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas announced a strategic silicon carbide licensing partnership with Magnachip, giving Magnachip access to Navitas’ GeneSiC Gen 4 and Gen 5 technology across 1200V to 3300V+ applications. Investors may see this as a validation of Navitas’ SiC roadmap and a potential growth driver in high-voltage power markets. Article Title
• Positive Sentiment: Several analyses highlighted the company’s exposure to AI data center demand and suggested the new SiC deal could improve the investment case, with some commentary calling NVTS potentially undervalued. Article Title
• Neutral Sentiment: Navitas heads into its Q2 earnings release with investors watching for signs that AI/data-center momentum is offsetting near-term revenue transition risks. Article Title
• Negative Sentiment: One report argued the stock still looks expensive after the SiC partnership news, which could limit upside if investors remain focused on valuation rather than long-term growth. Article Title
• Negative Sentiment: Renesas filed a lawsuit accusing Navitas of trade-secret theft, adding legal overhang and potential headline risk for the stock. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVTS shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Rosenblatt Securities boosted their price objective on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings raised Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Needham & Company LLC upped their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Navitas Semiconductor currently has an average rating of “Hold” and an average target price of $14.74.

Navitas Semiconductor Stock Down 9.2%

The stock has a 50-day moving average of $20.00 and a 200 day moving average of $14.14. The stock has a market cap of $2.55 billion, a PE ratio of -17.33 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The company had revenue of $8.60 million for the quarter, compared to the consensus estimate of $8.22 million. During the same quarter in the prior year, the company earned ($0.06) EPS. Navitas Semiconductor’s quarterly revenue was down 38.7% on a year-over-year basis. On average, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.39 EPS for the current year.

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Richard J. Hendrix sold 110,165 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the completion of the transaction, the director owned 101,709 shares of the company’s stock, valued at $2,945,492.64. This trade represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Kent Wunderlich, Jr. sold 35,165 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.14, for a total transaction of $989,543.10. Following the transaction, the director owned 2,375,060 shares of the company’s stock, valued at $66,834,188.40. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,989,478 shares of company stock worth $116,356,387 over the last ninety days. 12.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of Navitas Semiconductor by 309.4% in the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after buying an additional 2,698 shares during the period. NewEdge Advisors LLC raised its position in Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after acquiring an additional 2,942 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in Navitas Semiconductor by 247.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock valued at $31,000 after acquiring an additional 1,239 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 2,548 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Navitas Semiconductor by 3,200.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $36,000 after acquiring an additional 4,000 shares during the period. Hedge funds and other 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.