1 week Ago By ABMN Staff
Navitas Semiconductor Co. ( NASDAQ:NVTS – Get Free Report )’s share price shot up 7.2% during trading on Friday .
The stock traded as high as $3.77 and last traded at $3.74.
674,827 shares changed hands during trading, a decline of 75% from the average session volume of 2,702,136 shares. The stock had previously closed at $3.49.
Analysts Set New Price Targets NVTS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. Craig Hallum dropped their target price on shares of Navitas Semiconductor from $6.50 to $4.
25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and set a $7.50 price target on shares of Navitas Semiconductor in a report on Thursday, October 31st.
Finally, Robert W. Baird decreased their price objective on shares of Navitas Semiconductor from $7.00 to $5.
00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.
75. Check Out Our Latest Analysis on NVTS Navitas Semiconductor Stock Up 14.3 % Navitas Semiconductor ( NASDAQ:NVTS – Get Free Report ) last posted its quarterly earnings data on Monday, November 4th.
The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06).
The firm had revenue of $21.68 million for the quarter, compared to the consensus estimate of $21.93 million.
Navitas Semiconductor had a negative return on equity of 23.64% and a negative net margin of 84.61%.
The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.
10) EPS. On average, equities research analysts anticipate that Navitas Semiconductor Co. will post -0.
51 EPS for the current year. Insiders Place Their Bets In other Navitas Semiconductor news, Director Richard J. Hendrix sold 40,000 shares of Navitas Semiconductor stock in a transaction on Monday, December 9th.
The shares were sold at an average price of $4.54, for a total transaction of $181,600.00.
Following the completion of the sale, the director now owns 316,709 shares of the company’s stock, valued at approximately $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 accessible through the SEC website . Company insiders own 31.
80% of the company’s stock. Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the stock. Rice Hall James & Associates LLC bought a new stake in Navitas Semiconductor in the second quarter valued at about $2,151,000.
State Street Corp increased its stake in shares of Navitas Semiconductor by 4.0% in the 3rd quarter. State Street Corp now owns 5,826,638 shares of the company’s stock valued at $14,275,000 after acquiring an additional 221,575 shares during the last quarter.
Point72 Asset Management L.P. raised its position in shares of Navitas Semiconductor by 2,656.
2% in the 2nd quarter. Point72 Asset Management L.P.
now owns 4,283,350 shares of the company’s stock valued at $16,834,000 after acquiring an additional 4,127,940 shares during the period. Squarepoint Ops LLC bought a new position in Navitas Semiconductor during the 2nd quarter worth approximately $2,364,000. Finally, Mirabella Financial Services LLP acquired a new position in Navitas Semiconductor during the third quarter valued at approximately $943,000.
Institutional investors and hedge funds own 46.14% of the company’s stock. Navitas Semiconductor Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Navitas Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navitas Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter .
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