Wesbanco Bank Inc. Has $328,000 Position in Navitas Semiconductor Corporation $NVTS

Key Points

• Wesbanco Bank Inc. has reduced its holdings in Navitas Semiconductor Corporation by 50%, selling 50,000 shares and now owning 50,000 shares worth $328,000.
• Navitas Semiconductor's stock opened at $6.11, with a 52-week range of $1.52 to $9.48, and a market capitalization of $1.30 billion.
• The company reported earnings of ($0.05) per share for the last quarter, matching analysts' estimates while experiencing a year-over-year revenue decline of 29.2%.

Wesbanco Bank Inc. trimmed its holdings in Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the company's stock after selling 50,000 shares during the period. Wesbanco Bank Inc.'s holdings in Navitas Semiconductor were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NVTS. Bank of America Corp DE raised its position in Navitas Semiconductor by 180.5% during the fourth quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock valued at $4,407,000 after purchasing an additional 794,371 shares in the last quarter. Invesco Ltd. raised its position in Navitas Semiconductor by 22.2% during the first quarter. Invesco Ltd. now owns 1,829,803 shares of the company's stock valued at $3,751,000 after purchasing an additional 331,832 shares in the last quarter. Nuveen LLC acquired a new position in Navitas Semiconductor during the first quarter valued at approximately $675,000. SCS Capital Management LLC acquired a new position in Navitas Semiconductor during the first quarter valued at approximately $567,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Navitas Semiconductor during the first quarter valued at approximately $410,000. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Navitas Semiconductor Price Performance

Shares of Navitas Semiconductor stock traded up $0.28 during trading on Friday, hitting $7.01. The company's stock had a trading volume of 31,230,018 shares, compared to its average volume of 15,269,784. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $9.48. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -10.78 and a beta of 3.00. The stock has a 50-day moving average price of $6.71 and a two-hundred day moving average price of $4.78.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting 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 firm posted ($0.07) earnings per share. Navitas Semiconductor's revenue for the quarter was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, Director Brian Long sold 500,000 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the sale, the director owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. This represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ranbir Singh purchased 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the acquisition, the director owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 2,705,596 shares of company stock worth $16,096,333. 29.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on NVTS shares. Needham & Company LLC restated a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, June 17th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target for the company. in a report on Tuesday, August 5th. Finally, CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.65.

About Navitas Semiconductor

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.