Hsbc Holdings PLC Raises Stock Holdings in Navitas Semiconductor Corporation $NVTS

Key Points

• Hsbc Holdings PLC significantly increased its stake in Navitas Semiconductor Corporation by 980.4% in the first quarter, acquiring 158,566 shares valued at approximately $323,000.
• Navitas Semiconductor's latest quarterly earnings showed a revenue of $14.49 million, with a negative net margin of 182.63% and an estimated EPS of ($0.05), aligning with analysts' expectations.
• Several hedge funds have adjusted their positions in Navitas, with over 46.14% of stock currently owned by institutional investors, indicating strong interest in the company amid varying analyst ratings.

Hsbc Holdings PLC increased its stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 980.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,566 shares of the company's stock after purchasing an additional 143,890 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Navitas Semiconductor worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after purchasing an additional 123,598 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Navitas Semiconductor by 22.2% during the 1st quarter. Invesco Ltd. now owns 1,829,803 shares of the company's stock worth $3,751,000 after purchasing an additional 331,832 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Navitas Semiconductor by 180.5% during the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock worth $4,407,000 after purchasing an additional 794,371 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Navitas Semiconductor by 9.5% during the 4th quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock worth $4,319,000 after purchasing an additional 104,906 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Navitas Semiconductor during the 1st quarter worth $675,000. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Navitas Semiconductor

In related news, Director Ranbir Singh bought 18,645,603 shares of the stock in a transaction dated Monday, July 28th. The shares were purchased at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the purchase, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Long sold 500,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $6.05, for a total value of $3,025,000.00. Following the completion of the sale, the director owned 3,920,991 shares in the company, valued at $23,721,995.55. The trade was a 11.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,079,256 shares of company stock valued at $46,608,723. 29.90% of the stock is owned by insiders.

Navitas Semiconductor Stock Performance

Shares of NVTS stock opened at $5.73 on Thursday. The stock's 50-day simple moving average is $6.79 and its 200-day simple moving average is $4.51. The firm has a market capitalization of $1.22 billion, a PE ratio of -8.82 and a beta of 3.00. Navitas Semiconductor Corporation has a fifty-two week low of $1.52 and a fifty-two week high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share 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 business had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The company's revenue was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price 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 report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research report on Tuesday, June 17th. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $5.65.

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.

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