
Navitas Semiconductor (NASDAQ:NVTS) Trading 9.1% Higher - Here's Why

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Navitas Semiconductor (NASDAQ:NVTS) shares rose 9.1% to $10.91 during mid-day trading, with a total of 28.55 million shares traded. Analysts have mixed ratings, with Jefferies upgrading to 'hold' and Needham raising the price target to $13.00. The company reported a quarterly EPS of ($0.05) and revenue of $10.11 million, down 53.4% year-over-year. Insider trading saw significant sales, with directors reducing their holdings. Institutional investors have also increased their stakes in the company recently.
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