Navitas Semiconductor Co. (NASDAQ:NVTS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Navitas Semiconductor Co. (NASDAQ:NVTS) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.75.

Several analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of Navitas Semiconductor in a research note on Thursday. 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 report 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 for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum lowered their target price 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.

Insider Transactions at Navitas Semiconductor

In other news, Director Richard J. Hendrix sold 40,000 shares of the 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 transaction, the director now owns 316,709 shares in the company, valued at $1,437,858.86. This represents a 11.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Navitas Semiconductor

Large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of Navitas Semiconductor by 52.7% in the fourth quarter. American Century Companies Inc. now owns 15,704 shares of the company’s stock worth $56,000 after buying an additional 5,419 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Navitas Semiconductor by 125.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company’s stock worth $37,000 after purchasing an additional 5,726 shares during the last quarter. Goodman Financial Corp bought a new stake in Navitas Semiconductor during the fourth quarter worth approximately $36,000. Caption Management LLC acquired a new position in Navitas Semiconductor during the fourth quarter valued at approximately $36,000. Finally, Steel Grove Capital Advisors LLC acquired a new position in Navitas Semiconductor during the fourth quarter valued at approximately $39,000. 46.14% of the stock is currently owned by institutional investors.

Navitas Semiconductor Price Performance

Navitas Semiconductor stock opened at $3.44 on Thursday. The company has a market cap of $642.59 million, a P/E ratio of -8.19 and a beta of 2.20. Navitas Semiconductor has a fifty-two week low of $1.75 and a fifty-two week high of $7.40. The firm’s 50 day simple moving average is $3.34 and its 200-day simple moving average is $2.89.

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.