Bank of America Corp DE Purchases 121,162 Shares of Navitas Semiconductor Corporation $NVTS

Key Points

• Bank of America increased its Navitas Semiconductor stake by 17.2% in the first quarter, acquiring 121,162 shares and bringing its total holdings to 826,674 shares worth approximately $7.25 million.
• Institutional investors own 46.14% of Navitas, while insiders have sold 882,388 shares worth $25.3 million over the past 90 days, including substantial sales by two directors.
• Navitas reported $10.53 million in quarterly revenue, down 27.3% year over year, and continues to post losses. Analysts’ average rating is “Hold,” with an average price target of $15.92 versus a recent share price of $12.44.

Bank of America Corp DE grew its position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 17.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 826,674 shares of the company's stock after acquiring an additional 121,162 shares during the period. Bank of America Corp DE owned about 0.35% of Navitas Semiconductor worth $7,250,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its stake in shares of Navitas Semiconductor by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company's stock worth $370,000 after acquiring an additional 1,150 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Navitas Semiconductor by 12.6% during the fourth quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company's stock valued at $96,000 after purchasing an additional 1,505 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Navitas Semiconductor by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock worth $300,000 after purchasing an additional 1,667 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Navitas Semiconductor by 3.9% in the 4th quarter. Osaic Holdings Inc. now owns 46,304 shares of the company's stock worth $331,000 after buying an additional 1,743 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its position in Navitas Semiconductor by 7.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 27,700 shares of the company's stock valued at $198,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 46.14% of the company's stock.

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the business's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the completion of the sale, the director directly owned 13,964 shares in the company, valued at $392,528.04. The trade was a 83.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ranbir Singh sold 664,058 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.72, for a total transaction of $19,071,745.76. Following the sale, the director directly owned 14,943,475 shares of the company's stock, valued at $429,176,602. The trade was a 4.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 882,388 shares of company stock valued at $25,303,697. 12.40% of the stock is owned by company insiders.

More Navitas Semiconductor News

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas agreed to acquire Claros for up to approximately $232.8 million, including about $216 million in cash and stock at closing, with additional stock-based payments tied to business milestones. The transaction is expected to close before year-end, pending regulatory and other approvals. Navitas to buy Claros in $232.8M deal
• Positive Sentiment: Claros adds vertical power delivery (VPD) and integrated voltage regulator (IVR) technology, allowing Navitas to offer power solutions from the electrical grid to the processor or xPU. Management says the combination could more than double its 2030 serviceable addressable market to over $8 billion and strengthen its position in AI infrastructure. Navitas To Acquire Claros, Advancing AI Infrastructure with VPD & IVR Technology for Grid-to-xPU
• Positive Sentiment: The acquisition targets a key bottleneck in AI data centers: delivering very high current to advanced processors with low latency and greater efficiency. Navitas expects Claros to provide an incremental growth opportunity beginning in 2028–2029 while leaving its existing profitability timeline unchanged. Navitas Semiconductor Stock Surges on $232.8M Claros Acquisition
• Neutral Sentiment: The reported short-interest entry shows zero shares and a zero-day days-to-cover ratio, but the data includes an invalid percentage change and does not provide a meaningful signal about bearish positioning.
• Negative Sentiment: Investors face execution risks, including regulatory approval, integration costs, potential stock dilution, milestone payments, and uncertainty over whether Claros will deliver the projected revenue and margin benefits.
• Negative Sentiment: Navitas’ recent fundamentals remain weak: quarterly revenue was approximately $10.5 million, down 27.3% year over year, while the company continues to post losses. Reported insider activity also shows 12 sales and no purchases over the past six months, which may weigh on sentiment.

Navitas Semiconductor Stock Up 1.7%

Shares of Navitas Semiconductor stock opened at $12.44 on Wednesday. Navitas Semiconductor Corporation has a twelve month low of $5.44 and a twelve month high of $34.17. The company's 50 day moving average is $14.37 and its 200 day moving average is $14.60. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -9.35 and a beta of 3.86.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported ($0.04) EPS for the quarter, hitting analysts' consensus estimates of ($0.04). Navitas Semiconductor had a negative net margin of 856.85% and a negative return on equity of 13.13%. The business had revenue of $10.53 million during the quarter, compared to the consensus estimate of $9.97 million. During the same quarter in the previous year, the firm posted ($0.25) EPS. The firm's revenue was down 27.3% on a year-over-year basis. Sell-side analysts expect that Navitas Semiconductor Corporation will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NVTS has been the subject of several analyst reports. Wall Street Zen upgraded Navitas Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Jefferies Financial Group set a $13.00 price objective on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Morgan Stanley reiterated an "underweight" rating and issued a $12.60 target price on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Needham & Company LLC reissued a "buy" rating and set a $21.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Finally, Robert W. Baird boosted their price objective 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.92.

About Navitas Semiconductor

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.

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