Charles Schwab Investment Management Inc. Trims Position in Navitas Semiconductor Corporation $NVTS

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Navitas Semiconductor Corporation by 4.5%, owning approximately 0.52% of the company, valued at $2.05 million after selling 46,773 shares.
• Navitas Semiconductor's stock recently faced downgrades, with analysts from CJS Securities and Deutsche Bank lowering their ratings, leading to a consensus rating of Hold with a target price of $5.65.
• Insiders, including Directors Brian Long and David Moxam, sold significant amounts of their shares, totaling over $80 million in the last ninety days, indicating a notable trend in insider trading.

Charles Schwab Investment Management Inc. trimmed its position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 999,977 shares of the company's stock after selling 46,773 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.52% of Navitas Semiconductor worth $2,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Navitas Semiconductor by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 78,149 shares of the company's stock valued at $279,000 after purchasing an additional 16,143 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Navitas Semiconductor during the fourth quarter valued at $44,000. Barclays PLC lifted its position in Navitas Semiconductor by 11.7% during the fourth quarter. Barclays PLC now owns 218,038 shares of the company's stock valued at $778,000 after buying an additional 22,786 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Navitas Semiconductor by 76.7% during the 4th quarter. MetLife Investment Management LLC now owns 79,716 shares of the company's stock valued at $285,000 after buying an additional 34,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Navitas Semiconductor by 125.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock worth $37,000 after buying an additional 5,726 shares during the period. Institutional investors own 46.14% of the company's stock.

Analysts Set New Price Targets

NVTS has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Craig Hallum downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target on the stock. in a research note on Tuesday, August 5th. Finally, CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Three 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $5.65.

Navitas Semiconductor Trading Down 3.3%

NVTS traded down $0.19 during trading on Thursday, hitting $5.54. 10,542,926 shares of the company's stock traded hands, compared to its average volume of 13,257,656. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -8.52 and a beta of 3.00. The company's 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $4.53. Navitas Semiconductor Corporation has a 12-month low of $1.52 and a 12-month high of $9.48.

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). 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 for the quarter, compared to the consensus estimate of $14.43 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The company's quarterly revenue was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Buying and Selling at Navitas Semiconductor

In other news, Director Brian Long sold 1,026,227 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $7.93, for a total transaction of $8,137,980.11. Following the sale, the director owned 4,420,991 shares of the company's stock, valued at $35,058,458.63. This trade represents a 18.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Todd Glickman sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $8.00, for a total transaction of $800,000.00. Following the transaction, the chief financial officer directly owned 134,501 shares of the company's stock, valued at $1,076,008. The trade was a 42.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,079,256 shares of company stock worth $46,608,723. 29.90% of the stock is owned by company insiders.

Navitas Semiconductor Company 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.