Navitas Semiconductor shares swing 6% as analysts raise targets and insiders sell millions of dollars worth

Navitas Semiconductor’s stock rose 6.1% on Thursday, reaching $14.53 before slipping about 5% on Friday to $13.47. The moves came after a series of analyst upgrades that lifted price targets to as high as $21 and set a consensus target of $14.74, while the consensus rating remained a hold.

The company reported fourth‑quarter earnings of a $(0.04) loss per share, beating the $(0.05) consensus, on revenue of $8.6 million – a 38.7% year‑over‑year decline. Analysts now expect a $(0.39) EPS for the full year.

Insider activity was heavy: Director Ranbir Singh sold 3.06 million shares for about $89.6 million, Director Gary Kent Wunderlich Jr. sold 73,000 shares for $2.05 million, Director Richard J. Hendrix sold 110,165 shares for $3.19 million, and CEO Chris Allexandre sold 13,323 shares for $0.42 million. In total, insiders have off‑loaded roughly $116 million of stock in the past 90 days.