Callan Family Office LLC Takes Position in Navitas Semiconductor Corporation $NVTS

Key Points

• Callan Family Office LLC acquired approximately 63,960 shares of Navitas Semiconductor Corporation stock, valued at about $419,000, during the second quarter of the year.
• Navitas Semiconductor reported a quarterly revenue of $14.49 million, a 29.2% year-over-year decline, and a negative earnings per share of ($0.05), which met analysts' expectations.
• Institutional investors currently hold 46.14% of Navitas Semiconductor's stock, with various hedge funds recently purchasing new positions in the company.

Callan Family Office LLC purchased a new stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 63,960 shares of the company's stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVTS. Cranbrook Wealth Management LLC bought a new position in shares of Navitas Semiconductor during the 2nd quarter valued at $25,000. Larson Financial Group LLC bought a new position in shares of Navitas Semiconductor during the 1st quarter valued at $28,000. Benjamin Edwards Inc. bought a new position in Navitas Semiconductor in the 1st quarter worth $31,000. ST Germain D J Co. Inc. bought a new position in Navitas Semiconductor in the 2nd quarter worth $33,000. Finally, Teacher Retirement System of Texas bought a new position in Navitas Semiconductor in the 1st quarter worth $36,000. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Stock Performance

NVTS opened at $15.16 on Thursday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -23.32 and a beta of 3.03. The stock's 50 day moving average price is $7.00 and its 200-day moving average price is $5.51. Navitas Semiconductor Corporation has a one year low of $1.52 and a one year high of $15.44.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $14.49 million during the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.Navitas Semiconductor's quarterly revenue was down 29.2% on a year-over-year basis. 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, analysts predict that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVTS shares. Rosenblatt Securities reissued a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a report on Tuesday, August 5th. Needham & Company LLC reiterated a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research 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 on the stock. in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.65.

Insider Buying and Selling

In other news, Director Ranbir Singh purchased 18,645,603 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the acquisition, the director owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian Long sold 500,000 shares of the company's stock in a transaction 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 sale, the director owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,705,596 shares of company stock valued at $16,096,333 in the last quarter. 29.90% of the stock is owned by company insiders.

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.

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