Navitas Semiconductor Corporation (NASDAQ:NVTS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $15.92.

Several research firms have commented on NVTS. Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 target price on shares of Navitas Semiconductor in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Monday, September 14th. Jefferies Financial Group set a $13.00 price objective on Navitas Semiconductor in a research note on Tuesday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $12.60 target price on shares of Navitas Semiconductor in a research report on Tuesday, July 28th.

Hedge Funds Weigh In On Navitas Semiconductor

Several large investors have recently modified their holdings of NVTS. BlackRock Inc. bought a new stake in shares of Navitas Semiconductor in the second quarter worth $290,970,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Navitas Semiconductor in the second quarter valued at $75,701,000. Tidal Investments LLC raised its position in Navitas Semiconductor by 161.2% during the 2nd quarter. Tidal Investments LLC now owns 1,132,184 shares of the company’s stock worth $20,289,000 after purchasing an additional 698,683 shares during the last quarter. Wellington Management Group LLP bought a new position in Navitas Semiconductor during the 2nd quarter worth $16,757,000. Finally, Bank of America Corp DE lifted its holdings in Navitas Semiconductor by 17.2% during the 1st quarter. Bank of America Corp DE now owns 826,674 shares of the company’s stock worth $7,250,000 after buying an additional 121,162 shares during the period. Institutional investors own 46.14% of the company’s stock.

Navitas Semiconductor Stock Performance

NASDAQ NVTS opened at $12.12 on Friday. The firm’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $15.13. The stock has a market cap of $3.16 billion, a PE ratio of -9.11 and a beta of 3.96. Navitas Semiconductor has a fifty-two week low of $6.85 and a fifty-two week high of $34.17.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings results on Monday, July 27th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). Navitas Semiconductor had a negative return on equity of 13.13% and a negative net margin of 856.85%.The company had revenue of $10.53 million during the quarter, compared to analysts’ expectations of $9.97 million. During the same period in the prior year, the company earned ($0.25) EPS. Navitas Semiconductor’s revenue was down 27.3% compared to the same quarter last year. As a group, sell-side analysts predict that Navitas Semiconductor will post -0.31 earnings per share for the current fiscal year.

More Navitas Semiconductor News

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

• Positive Sentiment: Navitas secured a role in a U.S. Army-funded program focused on 10-kilovolt silicon-carbide power technology. Investors view the award as a potential validation of Navitas’ technology and an opportunity to expand into defense, aerospace and other high-power applications. Navitas Semiconductor Lands Army Chip Program
• Positive Sentiment: The U.S. Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period for Navitas’ Claros deal. The regulatory clearance removes an important transaction hurdle, although it does not by itself complete the deal. Navitas Semiconductor Gets HSR Early Termination
• Positive Sentiment: Analysts highlighted Magnachip as a potential manufacturing platform for Navitas’ next-generation silicon-carbide products. Greater manufacturing capacity and operational integration could support future production and commercialization. Magnachip as Navitas’ Manufacturing Arm
• Neutral Sentiment: Rosenblatt Securities reaffirmed its Neutral rating, while a broader analyst roundup showed an average Hold view. The ratings indicate that Wall Street recognizes the strategic potential but remains cautious about execution and near-term financial results. Rosenblatt Reaffirms Neutral Rating
• Negative Sentiment: Some coverage questioned whether the Army award is large enough to materially change Navitas’ outlook and whether the stock already reflects much of the long-term opportunity. The company remains unprofitable, with revenue having declined year over year in its latest reported quarter. Navitas Bull Case After Army-Funded Program

Navitas Semiconductor Company Profile

Navitas Semiconductor Corporation is a fabless semiconductor company that develops power-management technologies based on gallium nitride (GaN) and silicon carbide (SiC). Its products are designed to improve the efficiency, power density and size of electronic power systems by integrating power semiconductors with control, drive and protection circuitry.

The company offers GaN power integrated circuits, SiC MOSFETs and related power-management solutions for applications including mobile and consumer chargers, data centers, solar and energy-storage systems, electric vehicles, industrial equipment and other high-power systems.