Navitas Semiconductor Corporation $NVTS Shares Purchased by NFSG Corp

NFSG Corp boosted its position in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 54.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,972 shares of the company’s stock after buying an additional 72,098 shares during the period. NFSG Corp owned approximately 0.09% of Navitas Semiconductor worth $1,798,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Navitas Semiconductor by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 14,691,351 shares of the company’s stock worth $104,896,000 after buying an additional 1,330,703 shares during the last quarter. State Street Corp boosted its holdings in shares of Navitas Semiconductor by 18.0% in the fourth quarter. State Street Corp now owns 8,597,950 shares of the company’s stock valued at $61,389,000 after acquiring an additional 1,308,626 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Navitas Semiconductor by 257.8% in the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company’s stock valued at $33,827,000 after acquiring an additional 3,413,394 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Navitas Semiconductor by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 4,417,408 shares of the company’s stock worth $31,546,000 after acquiring an additional 501,110 shares during the period. Finally, UBS Group AG increased its stake in shares of Navitas Semiconductor by 131.0% during the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock worth $23,612,000 after acquiring an additional 1,875,228 shares during the period. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Trading Up 1.7%

Shares of Navitas Semiconductor stock opened at $13.09 on Wednesday. The company has a 50-day moving average of $21.21 and a two-hundred day moving average of $13.93. Navitas Semiconductor Corporation has a 12-month low of $5.44 and a 12-month high of $34.17. The stock has a market cap of $3.06 billion, a PE ratio of -20.78 and a beta of 3.82.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $8.60 million for the quarter, compared to analyst estimates of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The company’s quarterly revenue was down 38.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.06) EPS. On average, sell-side analysts forecast that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target 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 boosted their target price on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating 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. Morgan Stanley reissued an “underweight” rating and issued a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Finally, Needham & Company LLC raised their price target on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Navitas Semiconductor presently has a consensus rating of “Hold” and a consensus target price of $14.74.

Insider Transactions at Navitas Semiconductor

In related news, Director Richard J. Hendrix sold 110,165 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 101,709 shares in the company, valued at $2,945,492.64. The trade was a 52.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chris Allexandre sold 13,323 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $31.81, for a total transaction of $423,804.63. Following the transaction, the chief executive officer owned 1,072,633 shares of the company’s stock, valued at $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,989,478 shares of company stock worth $116,356,387. Corporate insiders own 12.40% of the company’s stock.

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.