close
close

Recent Investment Analyst Rating Changes for Navitas Semiconductor (NVTS)


Several analysts have recently updated their ratings and price targets Navitas Semiconductor (NASDAQ: NVTS):

  • 5/13/2024 – Navitas Semiconductor’s ‘hold’ rating was reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $4.00 price target on the stock, down from $10.00 previously.
  • 05-10-2024 – Navitas Semiconductor’s price target has been lowered from $12.00 to $7.00 by analysts at Robert W. Baird. They now have an ‘outperform’ rating on the stock.
  • 10-05-2024 – The price target of Navitas Semiconductor has been lowered from $9.00 to $7.00 by analysts at Deutsche Bank Aktiengesellschaft. They now have a buy rating on the stock.
  • May 10, 2024 – Navitas Semiconductor’s price target has been lowered from $12.00 to $10.00 by analysts at Rosenblatt Securities. They now have a buy rating on the stock.
  • 05-10-2024 – Navitas Semiconductor’s price target has been lowered from $9.00 to $7.00 by analysts at Needham & Company LLC. They now have a buy rating on the stock.
  • 5/3/2024 – Navitas Semiconductor’s ‘buy’ rating was reaffirmed by analysts at Rosenblatt Securities. They now have a $12.00 price target on the stock.

Navitas Semiconductor stock rises 2.5%

Shares of NASDAQ NVTS opened at $3.70 on Tuesday. The company’s 50-day moving average price is $4.27 and its two-hundred-day moving average price is $5.80. Navitas Semiconductor Co. has a 52-week low of $3.54 and a 52-week high of $11.16. The stock has a market cap of $677.47 million, a price-to-earnings ratio of -7.25 and a beta of 2.52.

Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) posted its latest earnings results on Thursday, February 29. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $26.06 million for the quarter, compared to analyst expectations of $25.68 million. Navitas Semiconductor had a negative return on equity of 21.22% and a negative net margin of 97.75%. As a group, equity research analysts expect Navitas Semiconductor Co. will post an earnings per share of -0.53 for the current year.

Insiders place their bets

In other news, COO Daniel M. Kinzer sold 24,073 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, March 14. The stock sold at an average price of $4.80, for a total transaction of $115,550.40. Following the sale, the Chief Operating Officer now owns 4,538,353 shares of the company’s stock, valued at $21,784,094.40. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In other news, COO Daniel M. Kinzer sold 24,073 shares of the stock in a transaction on Thursday, March 14. The stock sold at an average price of $4.80, for a total value of $115,550.40. Following the completion of the transaction, the Chief Operating Officer now owns 4,538,353 shares of the company’s stock, valued at $21,784,094.40. The transaction was disclosed in a document filed with the SEC and available on the SEC website. Also, CEO Eugene Sheridan sold 38,431 shares of Navitas Semiconductor stock in a transaction dated Thursday, March 14. The shares sold at an average price of $4.80, for a total transaction of $184,468.80. Following the sale, the CEO now owns 3,061,631 shares in the company, valued at $14,695,828.80. The explanation of this sale can be found here. In the last 90 days, insiders have sold 73,429 company shares worth $352,459. Insiders own 31.80% of the company’s shares.

Institutional inflow and outflow

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Navitas Semiconductor by 241.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,043 shares of the company’s stock worth $57,000 after purchasing an additional 4,982 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Navitas Semiconductor by 72.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 13,200 shares of the company’s stock, valued at $63,000, after purchasing an additional 5,550 shares during the period. SG Americas Securities LLC bought a new position in Navitas Semiconductor during the first quarter valued at approximately $65,000. Atria Wealth Solutions Inc. acquired a new position in Navitas Semiconductor during the fourth quarter worth approximately $81,000. Finally, ProShare Advisors LLC increased its position in Navitas Semiconductor by 12.5% ​​in the first quarter. ProShare Advisors LLC now owns 20,348 shares of the company’s stock worth $97,000 after acquiring an additional 2,258 shares during the last quarter. 46.14% of the shares are currently held by institutional investors.

Navitas Semiconductor Corporation designs, develops and sells gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers and digital isolators used in power conversion and charging. The company’s products are used in mobile applications, consumer applications, data centers, solar energy, electric vehicles, industrial motor drives, smart grids and transportation applications.

Recommended articles



Get daily news and reviews for Navitas Semiconductor Co – Enter your email address below to receive a daily summary of the latest news and analyst ratings for Navitas Semiconductor Co and related companies with MarketBeat.com’s FREE daily email newsletter.

Back To Top