Nuveen LLC Acquires Shares of 329,124 Navitas Semiconductor Corporation $NVTS

Nuveen LLC acquired a new stake in Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 329,124 shares of the company's stock, valued at approximately $675,000. Nuveen LLC owned about 0.17% of Navitas Semiconductor as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caption Management LLC purchased a new stake in Navitas Semiconductor in the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC increased its stake in Navitas Semiconductor by 125.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock valued at $37,000 after buying an additional 5,726 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Navitas Semiconductor in the 4th quarter valued at about $44,000. Simplicity Wealth LLC purchased a new stake in Navitas Semiconductor in the 1st quarter valued at about $26,000. Finally, Larson Financial Group LLC purchased a new stake in Navitas Semiconductor in the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 46.14% of the company's stock.

Insiders Place Their Bets

In other Navitas Semiconductor news, CFO Todd Glickman sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $8.00, for a total value of $800,000.00. Following the sale, the chief financial officer directly owned 134,501 shares in the company, valued at $1,076,008. This represents a 42.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Long sold 500,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $6.05, for a total transaction 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. This represents a 11.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,079,256 shares of company stock worth $46,608,723. Company insiders own 29.90% of the company's stock.

Navitas Semiconductor Trading Down 0.5%

NVTS opened at $5.73 on Thursday. The company has a 50 day moving average of $6.79 and a 200 day moving average of $4.51. The company has a market cap of $1.22 billion, a PE ratio of -8.82 and a beta of 3.00. Navitas Semiconductor Corporation has a 12 month low of $1.52 and a 12 month high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $14.49 million during the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. Navitas Semiconductor's revenue for the quarter was down 29.2% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Research analysts forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on NVTS. Deutsche Bank Aktiengesellschaft lowered 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 note on Tuesday, June 17th. Needham & Company LLC reissued a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Morgan Stanley set a $4.40 target price 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 target price for the company. in a research report on Tuesday, August 5th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Navitas Semiconductor presently has a consensus rating of "Hold" and an average price target 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.

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