Integrity Alliance LLC. Takes Position in Navitas Semiconductor Corporation $NVTS

Integrity Alliance LLC. bought a new stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,243 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew 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 acquiring an additional 2,698 shares during the period. NewEdge Advisors LLC grew 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 acquiring an additional 2,942 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 2,548 shares during the period. Harbour Investments Inc. grew its position in shares of Navitas Semiconductor by 68,600.0% during the 4th quarter. Harbour Investments Inc. now owns 6,870 shares of the company’s stock valued at $49,000 after acquiring an additional 6,860 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in shares of Navitas Semiconductor by 89.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,929 shares of the company’s stock valued at $58,000 after acquiring an additional 3,750 shares during the period. 46.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Navitas Semiconductor Trading Down 6.7%

NVTS opened at $26.60 on Friday. The company has a 50 day moving average of $15.81 and a 200 day moving average of $11.26. The company has a market cap of $6.22 billion, a PE ratio of -42.22 and a beta of 3.62. Navitas Semiconductor Corporation has a 12 month low of $4.95 and a 12 month high of $33.82.

Navitas Semiconductor (NASDAQ:NVTS) last posted its earnings results 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 net margin of 330.67% and a negative return on equity of 14.30%. The business had revenue of $8.60 million for the quarter, compared to analysts’ expectations of $8.22 million. During the same period in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was down 38.7% compared to the same quarter last year. Research analysts forecast that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Chris Allexandre sold 13,323 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $31.81, for a total transaction of $423,804.63. Following the completion of the transaction, the chief executive officer directly owned 1,072,633 shares in the company, valued at $34,120,455.73. The trade was a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the transaction, the director owned 13,964 shares of the company’s stock, valued at $392,528.04. This trade represents a 83.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,096,866 shares of company stock worth $117,496,943. Company insiders own 12.40% of the company’s stock.

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.