Brian Long Sells 497,700 Shares of Navitas Semiconductor (NASDAQ:NVTS) Stock

Key Points

• Brian Long, a director at Navitas Semiconductor, sold a total of 497,700 shares on September 9th at an average price of $5.76, resulting in a transaction value of approximately $2.87 million.
• Navitas Semiconductor's stock recently reached $6.08 after an increase of $0.44 in trading, with a market cap of $1.30 billion and a P/E ratio of -9.35.
• The company reported a revenue of $14.49 million for the last quarter, meeting analyst expectations, but faced a 29.2% year-over-year decline in revenue.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 497,700 shares of Navitas Semiconductor stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $5.76, for a total transaction of $2,866,752.00. Following the completion of the transaction, the director owned 3,420,991 shares in the company, valued at approximately $19,704,908.16. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Brian Long also recently made the following trade(s):

• On Wednesday, September 10th, Brian Long sold 750,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00.
• On Friday, September 5th, Brian Long sold 2,300 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.75, for a total value of $13,225.00.
• On Wednesday, August 27th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $6.05, for a total value of $3,025,000.00.

Navitas Semiconductor Stock Performance

Shares of NASDAQ NVTS traded up $0.44 during trading on Thursday, hitting $6.08. The company had a trading volume of 21,827,537 shares, compared to its average volume of 11,727,546. The company has a market cap of $1.30 billion, a P/E ratio of -9.35 and a beta of 3.00. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $9.48. The business's 50-day moving average is $6.70 and its 200 day moving average is $4.61.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $14.49 million for the quarter, compared to analysts' expectations of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The firm's revenue was down 29.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Hedge Funds Weigh In On Navitas Semiconductor

Institutional investors have recently bought and sold shares of the stock. Cranbrook Wealth Management LLC bought a new position in Navitas Semiconductor during the second quarter valued at about $25,000. NewEdge Advisors LLC boosted its holdings in 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 acquiring an additional 2,942 shares during the period. ST Germain D J Co. Inc. bought a new stake in Navitas Semiconductor during the second quarter valued at about $33,000. PNC Financial Services Group Inc. boosted its holdings in Navitas Semiconductor by 1,510.4% during the second quarter. PNC Financial Services Group Inc. now owns 7,424 shares of the company's stock valued at $49,000 after acquiring an additional 6,963 shares during the period. Finally, HighMark Wealth Management LLC bought a new stake in Navitas Semiconductor during the second quarter valued at about $66,000. 46.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Craig Hallum cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a research report on Tuesday, August 5th. Rosenblatt Securities restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a report on Tuesday, June 17th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Finally, Needham & Company LLC restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Navitas Semiconductor currently has a consensus rating of "Hold" and a consensus price target of $5.65.

About Navitas Semiconductor

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.

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