41,658 Shares in Navitas Semiconductor Corporation $NVTS Purchased by Strategic Investment Solutions Inc. IL

Key Points

• Strategic Investment Solutions Inc. IL has acquired 41,658 shares of Navitas Semiconductor Corporation, valued at approximately $273,000, highlighting growing institutional interest in the company.
• Analysts maintain a mixed sentiment with a consensus average rating of "Hold" and a price target of $5.65, reflecting varying expectations after the company's recent earnings report.
• Insider trading activity includes a significant purchase by Director Ranbir Singh of 18.6 million shares and a sale by Director Brian Long of 500,000 shares, indicating active management involvement in the company's stock.

Strategic Investment Solutions Inc. IL acquired a new position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 41,658 shares of the company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC increased its position in shares of Navitas Semiconductor by 980.4% during the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock worth $323,000 after purchasing an additional 143,890 shares during the last quarter. Millennium Management LLC purchased a new position in Navitas Semiconductor during the 4th quarter valued at about $52,000. SCS Capital Management LLC purchased a new position in Navitas Semiconductor during the 1st quarter valued at about $567,000. Merit Financial Group LLC purchased a new position in Navitas Semiconductor during the 1st quarter valued at about $48,000. Finally, Bank of America Corp DE boosted its holdings in Navitas Semiconductor by 180.5% during the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock valued at $4,407,000 after acquiring an additional 794,371 shares during the period. 46.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Navitas Semiconductor

In other news, Director Ranbir Singh purchased 18,645,603 shares of the business's stock in a transaction on Monday, July 28th. The shares were bought at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the transaction, the director directly owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the transaction, the director directly owned 1,715,395 shares in the company, valued at approximately $10,481,063.45. This trade represents a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,705,596 shares of company stock valued at $16,096,333. 29.90% of the stock is owned by company insiders.

Navitas Semiconductor Stock Down 5.1%

NVTS stock opened at $6.51 on Friday. The business has a 50 day moving average price of $6.77 and a 200 day moving average price of $4.90. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -10.02 and a beta of 3.00. Navitas Semiconductor Corporation has a fifty-two week low of $1.52 and a fifty-two week high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $14.49 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Navitas Semiconductor Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.