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

Navitas Semiconductor (NASDAQ:NVTS) released its quarterly earnings data on Monday. The company reported ($0.08) 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 stock opened at $2.89 on Tuesday. Navitas Semiconductor has a twelve month low of $1.75 and a twelve month 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. The business’s 50-day moving average price is $3.32 and its 200-day moving average price is $2.89.

Analysts Set New Price Targets

NVTS has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on Navitas Semiconductor from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Navitas Semiconductor from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 target price on shares of Navitas Semiconductor in a research report on Thursday, February 20th. Finally, Craig Hallum dropped their target price on Navitas Semiconductor from $6.50 to $4.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.39.

Insider Activity

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

Navitas Semiconductor Company Profile

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.