Navitas Semiconductor Corporation $NVTS Shares Bought by Newbridge Financial Services Group Inc.

Key Points

• Newbridge Financial Services Group boosted its stake by 1,425.5% in Q4 to 132,874 shares (about $949,000), representing roughly 0.06% of Navitas, while institutional investors own about 46.14% of the stock.
• Navitas reported Q results with EPS of ($0.05) (in line with estimates) and revenue of $7.30M (above estimates but down 59.4% YoY), and the company shows a negative net margin (-254.71%); analysts have a consensus Hold rating and a $6.78 target price.
• Insiders have been active sellers recently—CFO sold 98,152 shares and CEO sold 9,236 shares—with insiders having sold 509,016 shares worth $4.97M in the last three months, though insiders still own 29.90% of the company.

Newbridge Financial Services Group Inc. lifted its stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 1,425.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,874 shares of the company's stock after purchasing an additional 124,164 shares during the quarter. Newbridge Financial Services Group Inc. owned about 0.06% of Navitas Semiconductor worth $949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wealth Management Associates Inc. grew its stake in shares of Navitas Semiconductor by 13.9% during the 4th quarter. Wealth Management Associates Inc. now owns 82,120 shares of the company's stock worth $586,000 after purchasing an additional 10,050 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Navitas Semiconductor by 16.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,996 shares of the company's stock worth $86,000 after purchasing an additional 1,725 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Navitas Semiconductor during the 4th quarter worth $86,000. DKM Wealth Management Inc. acquired a new position in shares of Navitas Semiconductor during the 4th quarter worth $71,000. Finally, SG Americas Securities LLC acquired a new position in shares of Navitas Semiconductor during the 4th quarter worth $151,000. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Trading Up 0.5%

NASDAQ:NVTS opened at $8.84 on Tuesday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -15.51 and a beta of 3.15. The company's 50-day moving average is $8.91 and its two-hundred day moving average is $9.23. Navitas Semiconductor Corporation has a 12-month low of $1.55 and a 12-month high of $17.79.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The company had revenue of $7.30 million for the quarter, compared to analyst estimates of $6.95 million. Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The firm's quarterly revenue was down 59.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. On average, equities research analysts forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 98,152 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the transaction, the chief financial officer directly owned 735,231 shares in the company, valued at approximately $7,925,790.18. The trade was a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Chris Allexandre sold 9,236 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total value of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares of the company's stock, valued at $7,262,974.39. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 509,016 shares of company stock worth $4,967,814. Insiders own 29.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $7.00 price target on shares of Navitas Semiconductor in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.78.

Navitas Semiconductor Company 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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