NFSG Corp Boosts Stock Position in Navitas Semiconductor Corporation $NVTS

NFSG Corp raised its position in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 54.3% during the first quarter, Holdings Channel.com reports. The firm owned 204,972 shares of the company’s stock after buying an additional 72,098 shares during the period. NFSG Corp’s holdings in Navitas Semiconductor were worth $1,798,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NVTS. Allworth Financial LP raised its position in shares of 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 during the last quarter. NewEdge Advisors LLC lifted its stake 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 valued at $29,000 after buying an additional 2,942 shares during the period. GAMMA Investing LLC boosted its position in 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 acquiring an additional 2,548 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in Navitas Semiconductor during the fourth quarter worth approximately $45,000. Finally, Root Financial Partners LLC grew its stake in Navitas Semiconductor by 441.4% in the 1st quarter. Root Financial Partners LLC now owns 6,768 shares of the company’s stock worth $59,000 after acquiring an additional 5,518 shares during the period. 46.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on NVTS shares. Morgan Stanley reissued an “underweight” rating and set a $13.70 price target on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Needham & Company LLC lifted their price objective on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird increased their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Rosenblatt Securities raised their price target on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.74.

Navitas Semiconductor Stock Performance

Navitas Semiconductor stock opened at $13.09 on Wednesday. Navitas Semiconductor Corporation has a 1 year low of $5.44 and a 1 year high of $34.17. The firm has a 50 day moving average price of $21.21 and a 200 day moving average price of $13.93. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -20.78 and a beta of 3.82.

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

Insider Transactions at Navitas Semiconductor

In other news, Director Ranbir Singh sold 664,058 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.72, for a total transaction of $19,071,745.76. Following the completion of the sale, the director directly owned 14,943,475 shares in the company, valued at $429,176,602. This represents a 4.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard J. Hendrix sold 110,165 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.96, for a total value of $3,190,378.40. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,989,478 shares of company stock valued at $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.