<div id="readability-page-1"><p><span>Navitas Semiconductor (NASDAQ:NVTS - Get Free Report)</span> had its price objective reduced by research analysts at Rosenblatt Securities  from $10.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the stock. Rosenblatt Securities' target price suggests a potential downside of 0.62% from the stock's previous close.</p><div><p><span></span><span>Get <strong>Navitas Semiconductor</strong> alerts:</span></p></div><ul><li>3 Short Squeeze Candidates With Big Catalysts on the Horizon</li></ul><p>A number of other brokerages have also recently weighed in on NVTS. Needham &amp; Company LLC reduced their target price on Navitas Semiconductor from $4.00 to $3.00 and set a &#34;buy&#34; rating on the stock in a report on Tuesday, May 6th. Morgan Stanley lowered Navitas Semiconductor from an &#34;equal weight&#34; rating to an &#34;underweight&#34; rating and reduced their price objective for the company from $2.10 to $1.50 in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a &#34;buy&#34; rating to a &#34;hold&#34; rating and set a $3.50 target price for the company. in a research report on Tuesday, June 17th. Finally, Craig Hallum cut shares of Navitas Semiconductor from a &#34;buy&#34; rating to a &#34;hold&#34; rating and set a $6.00 price target on the stock. in a research report on Tuesday. One analyst  has rated the stock with a sell rating, two have issued  a hold rating and three have assigned  a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $5.17.</p><p><b>Get Our Latest Research Report on NVTS</b></p><h2>Navitas Semiconductor Stock Performance</h2><ul><li>5 Small Cap Stocks With Explosive Upside Potential</li></ul><p>NVTS opened at $8.05 on Tuesday. Navitas Semiconductor has a 1 year low of $1.52 and a 1 year high of $9.48. The company's 50 day simple moving average is $6.92 and its 200 day simple moving average is $4.01. The stock has a market capitalization of $1.54 billion, a PE ratio of -15.48 and a beta of 3.02. </p><p>Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). Navitas Semiconductor had a negative net margin of 131.83% and a negative return on equity of 22.62%. The company had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.43 million. During the same quarter last year, the firm posted ($0.07) earnings per share. Navitas Semiconductor's revenue was down 29.2% on a year-over-year basis.  As a group, sell-side analysts expect that  Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling</h2><ul><li>MarketBeat Week in Review – 05/26 - 05/30</li></ul><p>In related news, Director Ranbir Singh purchased 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the acquisition, the director directly owned 18,645,603 shares in the company, valued at $163,894,850.37. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CFO Todd Glickman sold 100,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $8.00, for a total transaction of $800,000.00. Following the sale, the chief financial officer directly owned 134,501 shares of the company's stock, valued at approximately $1,076,008. The trade was a 42.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,084,600 shares of company stock valued at $99,761,157. 29.90% of the stock is owned by insiders. </p><h2>Institutional Investors Weigh In On Navitas Semiconductor</h2><p>Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cranbrook Wealth Management LLC bought a new stake in shares of  Navitas Semiconductor in the 2nd quarter worth about $25,000.  ST Germain D J Co. Inc. acquired a new stake in  Navitas Semiconductor during the second quarter worth about $33,000.  Caption Management LLC bought a new position in  Navitas Semiconductor in the fourth quarter worth about $36,000.  HighMark Wealth Management LLC acquired a new position in  Navitas Semiconductor in the second quarter valued at approximately $66,000.  Finally, West Tower Group LLC acquired a new position in  Navitas Semiconductor during the 2nd quarter valued at approximately $66,000. 46.14% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>About Navitas Semiconductor</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Navitas Semiconductor</li><li>Which Wall Street Analysts are the Most Accurate?</li><li>3 Reasons the Market Can Rally, 2 Ways to Diversify If It Doesn't</li><li>REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today</li><li>A New AI Tailwind Could Come to Boost Taiwan Semiconductor Stock</li><li>Investing in Construction Stocks</li><li>Analysts Make a Quantum Bet on D-Wave's Cryogenic Packaging </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TlZUUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TlZUUw"/></p><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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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>

NVTS

<p>Rosenblatt Securities has lowered its price target for Navitas Semiconductor (NASDAQ:NVTS) from $10.00 to $8.00 while maintaining a "buy" rating. This suggests a potential downside of 0.62% from the stock's previous close. Other brokerages have also adjusted their ratings and price targets, with a consensus rating of "Hold" and a target price of $5.17. Navitas reported a quarterly loss of ($0.05) per share, with revenue down 29.2% year-over-year. Insider trading activity includes significant purchases and sales by executives.</p>

Rosenblatt Securities Issues Pessimistic Forecast for Navitas Semiconductor (NASDAQ:NVTS) Stock Price