American Century Companies Inc. Has $242,000 Position in Navitas Semiconductor Corporation $NVTS

Key Points

• American Century Companies Inc. increased its holdings in Navitas Semiconductor by 650.6% to a total of 117,873 shares, valued at approximately $242,000.
• Director David Moxam sold 78,649 shares of Navitas stock, valued at over $621,000, while CEO Eugene Sheridan sold 361,332 shares for nearly $2.97 million, indicating significant insider trading activity.
• Navitas Semiconductor recently received mixed analyst ratings, with Deutsche Bank downgrading it to "hold" with a target price of $3.50, while other analysts maintain "buy" ratings with targets up to $8.00.

American Century Companies Inc. lifted its stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 650.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,873 shares of the company's stock after acquiring an additional 102,169 shares during the quarter. American Century Companies Inc. owned about 0.06% of Navitas Semiconductor worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Navitas Semiconductor by 125.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock valued at $37,000 after purchasing an additional 5,726 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in Navitas Semiconductor by 7.6% during the first quarter. 180 Wealth Advisors LLC now owns 97,602 shares of the company's stock valued at $200,000 after buying an additional 6,920 shares in the last quarter. ProShare Advisors LLC grew its holdings in Navitas Semiconductor by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 35,532 shares of the company's stock worth $127,000 after acquiring an additional 11,692 shares during the period. Price T Rowe Associates Inc. MD raised its position in Navitas Semiconductor by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,013 shares of the company's stock worth $186,000 after acquiring an additional 11,770 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Navitas Semiconductor in the 4th quarter valued at about $44,000. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Navitas Semiconductor Stock Performance

Shares of Navitas Semiconductor stock traded down $0.12 on Wednesday, reaching $5.64. The stock had a trading volume of 17,930,576 shares, compared to its average volume of 11,888,116. Navitas Semiconductor Corporation has a fifty-two week low of $1.52 and a fifty-two week high of $9.48. The business's 50-day moving average price is $6.70 and its two-hundred day moving average price is $4.59. The stock has a market cap of $1.20 billion, a P/E ratio of -8.68 and a beta of 3.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Craig Hallum cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price for the company. in a report on Tuesday, August 5th. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, June 17th. Finally, Needham & Company LLC restated a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.65.

Insider Activity

In other Navitas Semiconductor news, CFO Todd Glickman sold 100,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $8.00, for a total value of $800,000.00. Following the transaction, the chief financial officer owned 134,501 shares of the company's stock, valued at approximately $1,076,008. The trade was a 42.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eugene Sheridan sold 238,668 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $7.50, for a total transaction of $1,790,010.00. Following the transaction, the chief executive officer owned 461,332 shares in the company, valued at approximately $3,459,990. The trade was a 34.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,867,195 shares of company stock worth $13,766,215. Corporate insiders own 29.90% of the company's stock.

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.