Cornerstone Investment Partners LLC Invests $461,000 in Navitas Semiconductor Corporation $NVTS

Key Points

• Cornerstone Investment Partners bought a new stake of 70,445 shares (~$461,000) in Navitas Semiconductor during Q2, joining several other small institutional buyers as institutions now own about 46.14% of the stock.
• Company insiders have been net sellers recently: Director Brian Long sold 750,000 shares (≈$4.38M) and CFO Todd Glickman sold 96,313 shares (≈$1.02M), with insiders offloading 2,801,909 shares worth $17.11M over the last quarter while still owning 29.90%.
• Navitas is trading around $8.84 (market cap ≈$1.88B) after reporting EPS of ($0.05) and revenue of $10.11M (down 53.4% YoY); analysts have a consensus Hold rating with a $6.48 target price.

Cornerstone Investment Partners LLC purchased a new stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 70,445 shares of the company's stock, valued at approximately $461,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cranbrook Wealth Management LLC bought a new stake in Navitas Semiconductor during the 2nd quarter valued at $25,000. ST Germain D J Co. Inc. purchased a new position in shares of Navitas Semiconductor in the second quarter valued at $33,000. HighMark Wealth Management LLC bought a new stake in shares of Navitas Semiconductor during the 2nd quarter valued at $66,000. West Tower Group LLC purchased a new stake in Navitas Semiconductor during the 2nd quarter worth about $66,000. Finally, Boyd Wealth Management LLC bought a new position in Navitas Semiconductor in the 2nd quarter worth about $66,000. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Stock Performance

NASDAQ NVTS opened at $8.84 on Friday. The company has a fifty day moving average of $9.13 and a 200-day moving average of $6.81. Navitas Semiconductor Corporation has a 52-week low of $1.52 and a 52-week high of $17.79. The company has a market capitalization of $1.88 billion, a P/E ratio of -13.81 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $10.11 million during the quarter, compared to analysts' expectations of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The company's revenue for the quarter was down 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) EPS. Navitas Semiconductor has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling

In other Navitas Semiconductor news, Director Brian Long sold 750,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the transaction, the director directly owned 2,670,991 shares in the company, valued at $15,598,587.44. This trade represents a 21.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd Glickman sold 96,313 shares of the business's stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $10.56, for a total transaction of $1,017,065.28. Following the completion of the sale, the chief financial officer owned 891,268 shares of the company's stock, valued at approximately $9,411,790.08. The trade was a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,801,909 shares of company stock worth $17,113,398 over the last quarter. Company insiders own 29.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NVTS shares. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target on the stock. in a report on Tuesday, August 5th. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Wednesday, October 8th. CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Finally, Needham & Company LLC increased their price objective on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.48.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.