Key Points
- CEO sale: Navitas CEO Chris Allexandre sold 9,236 shares at an average price of $8.93 for $82,477.48, reducing his stake by 1.12% to 813,323 shares, per an SEC filing.
- Weak quarterly results: The company reported EPS of ($0.05) in the quarter (meeting estimates) but revenue plunged 59.4% year‑over‑year to $7.3 million and the firm posted a deeply negative net margin (254.71%).
- Market reaction and sentiment: NVTS shares fell about 5.2% to $8.49 on heavy volume, the stock has a $1.96 billion market cap, and analysts' average rating is "Reduce" with a $6.78 target.
Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) CEO Chris Allexandre sold 9,236 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the transaction, the chief executive officer directly owned 813,323 shares in the company, valued at $7,262,974.39. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Navitas Semiconductor Trading Down 5.2%
Shares of NVTS traded down $0.47 on Friday, reaching $8.49. 7,471,808 shares of the company's stock were exchanged, compared to its average volume of 23,457,115. The stock has a market capitalization of $1.96 billion, a P/E ratio of -14.89 and a beta of 3.16. The business has a 50 day moving average price of $9.04 and a two-hundred day moving average price of $8.72. Navitas Semiconductor Corporation has a 12 month low of $1.52 and a 12 month high of $17.79.
Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $7.30 million for the quarter, compared to analysts' expectations of $6.95 million. Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The business's revenue for the quarter was down 59.4% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. Equities research analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.
Analyst Ratings Changes
NVTS has been the topic of several analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Rosenblatt Securities cut their price target on shares of Navitas Semiconductor from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $6.78.
Read Our Latest Stock Analysis on Navitas Semiconductor
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position in Navitas Semiconductor by 24.7% during the third quarter. CWM LLC now owns 4,515 shares of the company's stock worth $33,000 after acquiring an additional 893 shares in the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Navitas Semiconductor by 6.5% during the third quarter. Strategic Blueprint LLC now owns 15,426 shares of the company's stock worth $111,000 after acquiring an additional 937 shares during the period. Prospera Financial Services Inc grew its holdings in Navitas Semiconductor by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 30,285 shares of the company's stock valued at $219,000 after buying an additional 1,120 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Navitas Semiconductor by 12.6% in the fourth quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company's stock valued at $96,000 after acquiring an additional 1,505 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock worth $300,000 after purchasing an additional 1,667 shares in the last quarter. Institutional investors own 46.14% of the company's stock.
Navitas Semiconductor Company Profile
(
Get Free Report)
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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