Navitas Semiconductor (NASDAQ:NVTS) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Navitas Semiconductor (NASDAQ:NVTS) issued its earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02), Zacks reports. Navitas Semiconductor had a negative net margin of 84.61% and a negative return on equity of 23.64%. Navitas Semiconductor updated its Q1 2025 guidance to EPS.

Navitas Semiconductor Stock Down 8.8 %

NVTS opened at $2.89 on Tuesday. The business has a fifty day moving average of $3.32 and a 200 day moving average of $2.89. Navitas Semiconductor has a 52-week low of $1.75 and a 52-week high of $7.40. The stock has a market cap of $539.84 million, a P/E ratio of -6.88 and a beta of 2.20.

Analysts Set New Price Targets

NVTS has been the topic of a number of research reports. Craig Hallum reduced their price objective on Navitas Semiconductor from $6.50 to $4.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Navitas Semiconductor from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird reduced their price objective on Navitas Semiconductor from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of Navitas Semiconductor in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.39.

Insider Activity at Navitas Semiconductor

In related news, Director Richard J. Hendrix sold 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $4.54, for a total transaction of $181,600.00. Following the completion of the transaction, the director now owns 316,709 shares in the company, valued at $1,437,858.86. The trade was a 11.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.80% of the stock is owned by company insiders.

About Navitas Semiconductor

Navitas Semiconductor Corporation designs, develops, and markets 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, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.