MYDA Advisors LLC Sells 220,000 Shares of Navitas Semiconductor Corporation $NVTS

Key Points

• MYDA Advisors LLC reduced its stake in Navitas Semiconductor Corporation by 52.4% in the first quarter, selling 220,000 shares and retaining 200,000 shares worth approximately $410,000.
• Bank of America Corp DE increased its position in Navitas Semiconductor by 180.5%, owning a total of 1,234,375 shares valued at $4.4 million after a substantial purchase.
• Navitas Semiconductor has recently faced analyst downgrades, with a number of firms setting price targets ranging from $3.50 to $8.00, reflecting mixed sentiments about the stock's performance.

MYDA Advisors LLC trimmed its position in Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 52.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the company's stock after selling 220,000 shares during the period. MYDA Advisors LLC owned 0.10% of Navitas Semiconductor worth $410,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in Navitas Semiconductor by 125.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock worth $37,000 after purchasing an additional 5,726 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Navitas Semiconductor by 7.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 97,602 shares of the company's stock valued at $200,000 after buying an additional 6,920 shares during the period. Caption Management LLC acquired a new position in Navitas Semiconductor during the 4th quarter valued at about $36,000. ProShare Advisors LLC boosted its stake in Navitas Semiconductor by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 35,532 shares of the company's stock valued at $127,000 after purchasing an additional 11,692 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Navitas Semiconductor by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,013 shares of the company's stock valued at $186,000 after purchasing an additional 11,770 shares during the last quarter. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Stock Down 3.0%

Shares of NASDAQ:NVTS traded down $0.18 during midday trading on Friday, hitting $5.86. 12,769,195 shares of the stock traded hands, compared to its average volume of 19,062,360. Navitas Semiconductor Corporation has a one year low of $1.52 and a one year high of $9.48. The business's 50 day moving average is $6.86 and its two-hundred day moving average is $4.45. The stock has a market capitalization of $1.25 billion, a PE ratio of -9.02 and a beta of 3.02.

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 the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The company had revenue of $14.49 million for the quarter, compared to analysts' expectations of $14.43 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Navitas Semiconductor's quarterly revenue was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Insider Activity

In related news, CEO Eugene Sheridan sold 238,668 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $7.50, for a total value of $1,790,010.00. Following the sale, the chief executive officer owned 461,332 shares in the company, valued at approximately $3,459,990. This trade represents a 34.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Moxam sold 78,649 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $7.90, for a total transaction of $621,327.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,132,602 shares of company stock valued at $80,301,313. Company insiders own 29.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on NVTS. Deutsche Bank Aktiengesellschaft cut shares of 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. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Needham & Company LLC restated a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday. Finally, Rosenblatt Securities restated a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.65.

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.