Jefferies Financial Group Inc. Makes New $3.06 Million Investment in Navitas Semiconductor Corporation $NVTS

Key Points

• Jefferies Financial Group purchased 170,984 Navitas Semiconductor shares worth approximately $3.06 million, representing about 0.07% of the company. Institutional investors collectively own 46.14% of NVTS.
• Analyst sentiment is mixed, with two Buy, two Hold, and two Sell ratings. The stock has an average rating of Hold and an average price target of $15.92.
• NVTS opened at $11.49 after declining 8.2%; Navitas reported quarterly revenue of $10.53 million and an adjusted loss of $0.04 per share, while revenue fell 27.3% year over year.

Jefferies Financial Group Inc. bought a new stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 170,984 shares of the company's stock, valued at approximately $3,064,000. Jefferies Financial Group Inc. owned about 0.07% of Navitas Semiconductor as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVTS. Kestra Advisory Services LLC raised its stake in Navitas Semiconductor by 2.8% during the first quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company's stock valued at $370,000 after purchasing an additional 1,150 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in Navitas Semiconductor by 247.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company's stock valued at $31,000 after purchasing an additional 1,239 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Navitas Semiconductor by 12.6% in the 4th quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company's stock worth $96,000 after buying an additional 1,505 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Navitas Semiconductor in the 2nd quarter worth $27,000. Finally, Captrust Financial Advisors increased its holdings 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 buying an additional 1,667 shares during the last quarter. 46.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVTS. Weiss Ratings upgraded shares of Navitas Semiconductor from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, June 17th. Wall Street Zen raised Navitas Semiconductor from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Needham & Company LLC restated a "buy" rating and set a $21.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Jefferies Financial Group set a $13.00 price objective on Navitas Semiconductor in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $13.00 target price on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $15.92.

Navitas Semiconductor Trading Down 8.2%

Shares of NVTS opened at $11.49 on Friday. The company's fifty day simple moving average is $13.69 and its 200-day simple moving average is $14.64. The company has a market cap of $3.00 billion, a P/E ratio of -8.64 and a beta of 3.86. Navitas Semiconductor Corporation has a twelve month low of $5.44 and a twelve month high of $34.17.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly 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 firm had revenue of $10.53 million during the quarter, compared to analysts' expectations of $9.97 million. During the same period in the previous year, the company earned ($0.25) EPS. The firm's revenue for the quarter was down 27.3% compared to the same quarter last year. Analysts predict that Navitas Semiconductor Corporation will post -0.31 earnings per share for the current fiscal year.

Navitas Semiconductor Profile

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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