Craig-Hallum Maintains Hold Rating on Navitas Semiconductor with $6.98 Average Price Target

Craig-Hallum analyst Richard Shannon maintains a Hold rating on Navitas Semiconductor with a $6.98 average price target, implying a 12.58% upside from current levels. The analyst has a top 100 ranking with a 33.8% average return and a 52.02% success rate. Insider sentiment is negative, with 54 insiders selling their shares over the past quarter.

Navitas Semiconductor (Nasdaq: NVTS), a leading pure-play next-generation power semiconductor company, has appointed Chris Allexandre as its new President and Chief Executive Officer, effective September 1, 2025. Allexandre succeeds founder Gene Sheridan, who will step down after an 11-year tenure [1]. The appointment aims to accelerate Navitas' growth in AI data center and energy infrastructure markets through its gallium nitride (GaN) and silicon carbide (SiC) technologies.

Allexandre brings over 25 years of semiconductor industry experience, most recently serving as Senior Vice President and General Manager of Renesas Electronics' $2.5 billion power management business. His expertise spans analog, power, mixed-signal, and digital products across cloud, industrial, mobile, consumer, telecom, and automotive markets [1].

Analysts have varying views on Navitas' future prospects. Analyst Quinn Bolton maintains a Buy rating with an $8.00 price target, reflecting a positive outlook for Navitas [2]. However, corporate insider activity indicates a negative sentiment with an increase in insider selling [2]. In contrast, Craig-Hallum analyst Richard Shannon maintains a Hold rating with a $6.98 average price target, implying a 12.58% upside from current levels [3].

Navitas' focus on high-margin opportunities in sectors such as data centers and energy infrastructure positions it well for future growth. With Allexandre's extensive background in sales, operations, and business leadership, Navitas is poised to capitalize on the growing demand for advanced power solutions in these high-growth verticals [1].

References:
[1] https://finance.yahoo.com/news/navitas-semiconductor-names-chris-allexandre-200200216.html
[2] https://www.stocktitan.net/news/NVTS/navitas-semiconductor-names-chris-allexandre-as-president-and-chief-zc4owuxlb65c.html
[3] https://www.craig-hallum.com/news/navitas-semiconductor-analyst-view