Key Points
- Navitas director Ranbir Singh sold 389,096 shares on Feb. 26 at an average price of $9.52 for about $3.70M, adding to a prior sale of 179,354 shares in December — signaling notable insider selling.
- Navitas reported Q4 EPS of ($0.05) (in line with estimates) and revenue of $7.3M (beat estimates) but revenue was down 59.4% year‑over‑year and the company has a deeply negative net margin; the stock trades near $9.55 (up 6.1%), has a $2.2B market cap, and analyst ratings are mixed with a consensus target of $6.32.
Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) CFO Todd Glickman sold 12,532 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $9.82, for a total transaction of $123,064.24. Following the completion of the sale, the chief financial officer directly owned 833,383 shares of the company's stock, valued at $8,183,821.06. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Todd Glickman also recently made the following trade(s):
- On Monday, December 8th, Todd Glickman sold 78,307 shares of Navitas Semiconductor stock. The stock was sold at an average price of $9.77, for a total transaction of $765,059.39.
Navitas Semiconductor Stock Performance
NASDAQ:NVTS opened at $9.55 on Tuesday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -16.75 and a beta of 3.16. Navitas Semiconductor Corporation has a one year low of $1.52 and a one year high of $17.79. The stock has a 50-day simple moving average of $8.95 and a 200 day simple moving average of $8.70.
Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $7.30 million for the quarter, compared to the consensus estimate of $6.95 million. Navitas Semiconductor had a negative return on equity of 15.27% and a negative net margin of 254.71%.Navitas Semiconductor's quarterly revenue was down 59.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. On average, equities research analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC increased its stake in shares of Navitas Semiconductor by 156.2% in the fourth quarter. Virtu Financial LLC now owns 128,615 shares of the company's stock valued at $918,000 after purchasing an additional 78,409 shares during the period. Invesco Ltd. raised its holdings in shares of Navitas Semiconductor by 257.8% during the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company's stock valued at $33,827,000 after buying an additional 3,413,394 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Navitas Semiconductor by 30.7% during the fourth quarter. NewEdge Advisors LLC now owns 28,533 shares of the company's stock worth $204,000 after buying an additional 6,709 shares during the period. VARCOV Co. bought a new position in Navitas Semiconductor in the 4th quarter worth approximately $589,000. Finally, Engineers Gate Manager LP grew its holdings in Navitas Semiconductor by 31.2% in the 4th quarter. Engineers Gate Manager LP now owns 233,169 shares of the company's stock worth $1,665,000 after buying an additional 55,459 shares in the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NVTS has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Rosenblatt Securities lowered their target price on Navitas Semiconductor from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Finally, Needham & Company LLC raised their price target on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Navitas Semiconductor currently has an average rating of "Hold" and an average target price of $6.32.
Get Our Latest Research Report on Navitas Semiconductor
About Navitas Semiconductor
(
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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.
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