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Navitas Semiconductor's stock fell 3.4% after reporting a loss and declining revenue, despite in-line earnings.
Navitas Semiconductor (NVTS) shares dropped 3.4% to $7.40 on Friday, with trading volume 70% below average, after reporting fourth-quarter earnings of ($0.05) per share, in line with expectations, and revenue of $10.11 million, slightly above estimates but down 53.4% year-over-year.
The company posted a negative net margin of 220.85% and a negative return on equity of 14.86%.
Analysts maintain a consensus "Hold" rating with an average price target of $6.48.
Insiders sold $29.4 million in stock over the past three months, including significant sales by directors Dipender Saluja and Ranbir Singh.
Institutional ownership stands at 46.14%, and the stock has a high beta of 3.14, reflecting elevated volatility.
Las acciones de Navitas Semiconductor cayeron un 3,4% después de reportar una pérdida y una disminución de los ingresos, a pesar de las ganancias de línea.