<div id="readability-page-1"><p>Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.48 and last traded at $21.7590, with a volume of 10306617 shares traded. The stock had previously closed at $18.20.</p><div><p><span></span><span>Get <strong>Navitas Semiconductor</strong> alerts:</span></p></div><h2>Analysts Set New Price Targets</h2><ul><li>Small Names, Big Impact: The Stocks Behind NVIDIA’s Rubin</li></ul><p>Several analysts have issued reports on the company. Wall Street Zen raised Navitas Semiconductor from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday. Rosenblatt Securities upped their target price on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a &#34;neutral&#34; rating in a research note on Wednesday, May 6th. Robert W. Baird upped their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an &#34;outperform&#34; rating in a research note on Monday, May 4th. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Finally, Needham &amp; Company LLC increased their price objective on Navitas Semiconductor from $13.00 to $21.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, five have assigned  a Hold rating and two have assigned  a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and a consensus target price of $12.87.</p><p><b>Read Our Latest Stock Report on NVTS</b></p><h2>Navitas Semiconductor Price Performance</h2><ul><li>Navitas Soars 78% on NVIDIA Update: Is This Rally Sustainable?</li></ul><p>The stock has a market cap of $5.12 billion, a PE ratio of -35.00 and a beta of 3.62. The business has a 50 day moving average price of $11.11 and a two-hundred day moving average price of $9.96. </p><p>Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The firm had revenue of $8.60 million during the quarter, compared to analyst estimates of $8.22 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business's quarterly revenue was down 38.7% compared to the same quarter last year.  On average, sell-side analysts forecast that  Navitas Semiconductor Corporation will post -0.26 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling</h2><ul><li>Insiders Trade Millions in NVIDIA-Linked Navitas, Hims, &amp; Shift4</li></ul><p>In related news, CFO Todd Glickman sold 98,152 shares of the firm's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the sale, the chief financial officer owned 735,231 shares of the company's stock, valued at $7,925,790.18. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ranbir Singh sold 389,096 shares of the firm's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $9.52, for a total value of $3,704,193.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 509,016 shares of company stock valued at $4,967,814 over the last quarter. 29.90% of the stock is owned by company insiders. </p><h2>Institutional Trading of Navitas Semiconductor</h2><p>Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in  Navitas Semiconductor by 309.4% in the third quarter. Allworth Financial LP now owns 3,570 shares of the company's stock worth $26,000 after acquiring an additional 2,698 shares during the period.  Geneos Wealth Management Inc. lifted its stake in  Navitas Semiconductor by 3,200.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company's stock worth $36,000 after acquiring an additional 4,000 shares during the period.  NewEdge Advisors LLC lifted its stake in  Navitas Semiconductor by 189.8% in the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock worth $29,000 after acquiring an additional 2,942 shares during the period.  CWM LLC lifted its stake in  Navitas Semiconductor by 24.7% in the third quarter. CWM LLC now owns 4,515 shares of the company's stock worth $33,000 after acquiring an additional 893 shares during the period.  Finally, GAMMA Investing LLC lifted its stake in  Navitas Semiconductor by 116.5% in the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company's stock worth $34,000 after acquiring an additional 2,548 shares during the period. Hedge funds and other institutional investors own  46.14% of the company's stock. </p><h2>Navitas Semiconductor Company Profile</h2> (Get Free Report)<p>Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems. </p><p>Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Navitas Semiconductor</li><li>MercadoLibre Boldly Invests in Growth: Discount Deepens</li><li>AI Dividend Increases: 3 Massive Winners Boosting Payouts</li><li>Manic Monday.com: The Rally Is Just the Beginning for this SaaS Leader</li><li>5 Stocks Positioned to Benefit From the AI Inference Boom</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Navitas Semiconductor Right Now?</h2><p>Before you consider Navitas Semiconductor, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navitas Semiconductor wasn't on the list.</p><p>While Navitas Semiconductor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Navitas Semiconductor (NASDAQ:NVTS) reached a new 52-week high of $21.48, closing at $21.7590 with over 10 million shares traded. Analysts have mixed ratings, with two Buy, five Hold, and two Sell ratings. The average target price is $12.87. The company reported a quarterly revenue of $8.60 million, beating estimates, but earnings per share were negative. Insider trading saw significant sales, and institutional investors have increased their stakes in the company. The stock has a market cap of $5.12 billion and a PE ratio of -35.00.</p>

Navitas Semiconductor (NASDAQ:NVTS) Sets New 52-Week High - Still a Buy?