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

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) posted 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 return on equity of 23.64% and a negative net margin of 84.61%. The business had revenue of $17.98 million for the quarter, compared to the consensus estimate of $19.03 million. Navitas Semiconductor updated its Q1 2025 guidance to EPS.

Navitas Semiconductor Trading Down 1.5 %

NASDAQ:NVTS traded down $0.04 during trading hours on Thursday, reaching $2.56. The company had a trading volume of 2,748,090 shares, compared to its average volume of 4,273,599. The firm has a market cap of $478.57 million, a price-to-earnings ratio of -6.08 and a beta of 2.20. The firm's 50 day moving average price is $3.29 and its 200-day moving average price is $2.88. Navitas Semiconductor has a 52 week low of $1.75 and a 52 week high of $7.40.

Insider Buying and Selling at Navitas Semiconductor

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. 31.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on NVTS shares. Robert W. Baird cut their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on Navitas Semiconductor from $6.00 to $4.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $5.00 price target on shares of Navitas Semiconductor in a research report on Thursday, February 20th. Craig Hallum cut their price objective on shares of Navitas Semiconductor from $6.50 to $4.25 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $4.00 target price on shares of Navitas Semiconductor in a report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Navitas Semiconductor presently has a consensus rating of "Moderate Buy" and an average target price of $4.25.

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.