Navitas Semiconductor (NASDAQ:NVTS) Director Ranbir Singh Sells 3,060,118 Shares of Stock

Navitas Semiconductor Corporation (NASDAQ:NVTS) Director Ranbir Singh sold 3,060,118 shares of Navitas Semiconductor stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.29, for a total value of $89,630,856.22. Following the completion of the sale, the director owned 15,607,533 shares in the company, valued at approximately $457,144,641.57. The trade was a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ranbir Singh also recently made the following trade(s):

• On Thursday, May 28th, Ranbir Singh sold 664,058 shares of Navitas Semiconductor stock. The stock was sold at an average price of $28.72, for a total value of $19,071,745.76.

Navitas Semiconductor Trading Down 6.7%

NVTS stock opened at $26.60 on Friday. Navitas Semiconductor Corporation has a 12-month low of $4.95 and a 12-month high of $33.82. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of -42.22 and a beta of 3.62. The business’s 50-day moving average is $15.81 and its 200 day moving average is $11.26.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The company had revenue of $8.60 million for the quarter, compared to analysts’ expectations of $8.22 million. During the same period in the previous year, the firm posted ($0.06) EPS. Navitas Semiconductor’s revenue was down 38.7% compared to the same quarter last year. As a group, equities analysts forecast that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVTS. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Robert W. Baird raised their target price on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Rosenblatt Securities raised their target price on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $13.70 target price on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.87.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its position in shares of Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after buying an additional 2,698 shares during the period. NewEdge Advisors LLC raised its position in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after buying an additional 2,942 shares during the period. GAMMA Investing LLC raised its position in shares of Navitas Semiconductor by 116.5% during the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after buying an additional 2,548 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Navitas Semiconductor by 3,200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $36,000 after buying an additional 4,000 shares during the period. Finally, State of Wyoming raised its position in shares of Navitas Semiconductor by 92.8% during the 1st quarter. State of Wyoming now owns 4,803 shares of the company’s stock valued at $42,000 after buying an additional 2,312 shares during the period. 46.14% of the stock is owned by hedge funds and other institutional investors.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.