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

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02), Zacks reports. The firm had revenue of $17.98 million during the quarter, compared to analyst estimates of $19.03 million. 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 Trading Down 1.5 %

Shares of Navitas Semiconductor stock traded down $0.04 during trading on Thursday, reaching $2.56. The stock had a trading volume of 2,748,090 shares, compared to its average volume of 4,273,599. The company has a market capitalization of $478.57 million, a price-to-earnings ratio of -6.08 and a beta of 2.20. Navitas Semiconductor has a 52 week low of $1.75 and a 52 week high of $7.40. The stock has a fifty day moving average price of $3.29 and a two-hundred day moving average price of $2.88.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, Director Richard J. Hendrix sold 80,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $4.04, for a total transaction of $323,200.00. Following the completion of the transaction, the director now owns 356,709 shares of the company's stock, valued at $1,441,104.36. This represents a 18.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVTS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 reduced their target price on Navitas Semiconductor from $6.50 to $4.25 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Robert W. Baird decreased their target price 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $5.00 price target on shares of Navitas Semiconductor in a research report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $4.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Navitas Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $4.25.

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.