Leonteq Securities AG Purchases 56,115 Shares of Navitas Semiconductor Corporation $NVTS

Leonteq Securities AG increased its position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) by 561.2% in the first quarter, HoldingsChannel reports. The firm owned 66,115 shares of the company’s stock after purchasing an additional 56,115 shares during the period. Leonteq Securities AG’s holdings in Navitas Semiconductor were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NVTS. Allworth Financial LP boosted its position in Navitas Semiconductor by 309.4% in the third 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 in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Navitas Semiconductor by 189.8% during the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock worth $29,000 after buying an additional 2,942 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Navitas Semiconductor by 116.5% during the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after buying an additional 2,548 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Navitas Semiconductor in the fourth quarter valued at approximately $45,000. Finally, Root Financial Partners LLC raised its stake in shares of Navitas Semiconductor by 441.4% in the first quarter. Root Financial Partners LLC now owns 6,768 shares of the company’s stock valued at $59,000 after acquiring an additional 5,518 shares during the last quarter. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Price Performance

NVTS opened at $14.46 on Friday. Navitas Semiconductor Corporation has a one year low of $5.44 and a one year high of $34.17. The company’s 50 day simple moving average is $21.67 and its 200-day simple moving average is $13.59. The stock has a market capitalization of $3.38 billion, a P/E ratio of -22.95 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share 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 firm had revenue of $8.60 million during the quarter, compared to analysts’ expectations of $8.22 million. During the same quarter in the previous year, the company posted ($0.06) EPS. Navitas Semiconductor’s revenue was down 38.7% on a year-over-year basis. As a group, analysts anticipate that Navitas Semiconductor Corporation will post -0.39 EPS for the current year.

Insider Transactions at Navitas Semiconductor

In other news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was 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 represents a 83.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard J. Hendrix sold 110,165 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.96, for a total value of $3,190,378.40. Following the transaction, the director directly owned 101,709 shares in the company, valued at $2,945,492.64. This trade represents a 52.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,989,478 shares of company stock valued at $116,356,387 over the last 90 days. 12.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NVTS shares. Morgan Stanley restated an “underweight” rating and set a $13.70 price target on shares of Navitas Semiconductor in a research report on Wednesday, May 6th. Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Rosenblatt Securities boosted their price objective on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Needham & Company LLC increased their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.74.

Navitas Semiconductor Company Profile

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.