<div id="readability-page-1"><p>Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price dropped 6.4% during trading on Friday . The stock traded as low as $8.45 and last traded at $8.59. Approximately 14,222,530 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 26,163,230 shares. The stock had previously closed at $9.18.</p><div><p><span></span><span>Get <strong>Navitas Semiconductor</strong> alerts:</span></p></div><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Navitas Soars 78% on NVIDIA Update: Is This Rally Sustainable?</li></ul><p>A number of research firms recently commented on NVTS. Rosenblatt Securities  reaffirmed a &#34;neutral&#34; rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a research note on Monday, November 10th. CJS Securities lowered Navitas Semiconductor from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a report on Monday, August 18th. Needham &amp; Company LLC raised their target price on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, November 4th. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised Navitas Semiconductor to a &#34;hold&#34; rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, five have issued  a Hold rating and two have issued  a Sell rating to the stock. According to MarketBeat.com, the stock  has an average rating of &#34;Hold&#34; and a consensus target price of $6.48.</p><p><b>Get Our Latest Report on Navitas Semiconductor</b></p><h2>Navitas Semiconductor Price Performance</h2><ul><li>Insiders Trade Millions in NVIDIA-Linked Navitas, Hims, &amp; Shift4</li></ul><p>The business has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $7.90. The stock has a market cap of $1.98 billion, a PE ratio of -13.44 and a beta of 3.14. </p><p>Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The business's quarterly revenue was down 53.4% on a year-over-year basis. During the same period last year, the business earned ($0.10) EPS.  As a group, sell-side analysts forecast that  Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Navitas Semiconductor</h2><ul><li>Navitas Stock's Dip: A Calculated Risk or a Clear Buy Signal?</li></ul><p>In other Navitas Semiconductor news, CFO Todd Glickman sold 78,307 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $9.77, for a total value of $765,059.39. Following the completion of the sale, the chief financial officer directly owned 813,279 shares in the company, valued at $7,945,735.83. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, Director Brian Long sold 48,165 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $8.50, for a total transaction of $409,402.50. The SEC filing for this sale provides additional information. Insiders sold 2,430,360 shares of company stock worth $19,865,088 over the last ninety days. 29.90% of the stock is currently owned by insiders. </p><h2>Hedge Funds Weigh In On Navitas Semiconductor</h2><p>Several institutional investors have recently bought and sold shares of NVTS. Kingsview Wealth Management LLC acquired a new position in shares of  Navitas Semiconductor during the 2nd quarter valued at about $385,000.  Cornerstone Investment Partners LLC bought a new stake in  Navitas Semiconductor during the second quarter worth approximately $461,000.  Geode Capital Management LLC grew its holdings in  Navitas Semiconductor by 3.9% during the second quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock valued at $21,882,000 after purchasing an additional 124,594 shares during the last quarter.  Hsbc Holdings PLC raised its position in shares of  Navitas Semiconductor by 980.4% in the first quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock valued at $323,000 after purchasing an additional 143,890 shares during the period.  Finally, SCS Capital Management LLC bought a new position in shares of  Navitas Semiconductor in the first quarter valued at approximately $567,000. 46.14% of the stock is currently owned by institutional investors. </p><h2>Navitas Semiconductor Company Profile</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>See Also</h2><ul><li>Five stocks we like better than Navitas Semiconductor</li><li>What Makes a Stock a Good Dividend Stock?</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Value Investing: Is it a Good Strategy in 2022? <span>Hint: Always<span></span></span></li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li><li>Top Biotech Stocks: Exploring Innovation Opportunities</li><li>CrowdStrike Stock Can't Catch a Break—Even After a Blowout Quarter</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>

NVTS

<p>Navitas Semiconductor's stock (NASDAQ:NVTS) fell 6.4% to $8.59, with trading volume down 46% from the average. Analysts have mixed ratings: two Buy, five Hold, and two Sell, with a consensus target price of $6.48. Recent insider sales include CFO Todd Glickman and Director Brian Long. The company reported a quarterly EPS of ($0.05) and revenue of $10.11 million, down 53.4% year-over-year. Institutional investors hold 46.14% of the stock.</p>

Navitas Semiconductor (NASDAQ:NVTS) Shares Down 6.4% - What's Next?