276,595 Shares in Navitas Semiconductor Corporation $NVTS Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired 276,595 shares of Navitas Semiconductor, valued at approximately $567,000, representing about 0.15% ownership of the company.
• Notable insider transactions include Brian Long selling 750,000 shares for $4.38 million, while Ranbir Singh significantly increased ownership by purchasing over 18.6 million shares valued at approximately $163.9 million.
• Navitas Semiconductor reported Q2 earnings of ($0.05) EPS, which met analyst expectations, but experienced a 29.2% decline in revenue year-over-year.

SCS Capital Management LLC purchased a new stake in Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 276,595 shares of the company's stock, valued at approximately $567,000. SCS Capital Management LLC owned about 0.15% of Navitas Semiconductor as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NVTS. Raymond James Financial Inc. bought a new position in Navitas Semiconductor in the fourth quarter valued at about $44,000. Tower Research Capital LLC TRC boosted its holdings in Navitas Semiconductor by 125.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,294 shares of the company's stock valued at $37,000 after acquiring an additional 5,726 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Navitas Semiconductor by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,013 shares of the company's stock valued at $186,000 after buying an additional 11,770 shares during the period. Northern Trust Corp lifted its stake in Navitas Semiconductor by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock valued at $4,319,000 after buying an additional 104,906 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Navitas Semiconductor in the fourth quarter valued at about $64,000. Institutional investors own 46.14% of the company's stock.

Navitas Semiconductor Price Performance

NVTS stock traded down $0.18 during mid-day trading on Tuesday, reaching $5.94. The company had a trading volume of 4,823,661 shares, compared to its average volume of 21,106,088. The stock has a 50 day simple moving average of $6.69 and a two-hundred day simple moving average of $4.69. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.13 and a beta of 3.00. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $14.49 million during the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The business's revenue was down 29.2% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. 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 year.

Insider Activity at Navitas Semiconductor

In other news, Director Brian Long sold 750,000 shares of Navitas Semiconductor stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the completion of the transaction, the director directly owned 2,670,991 shares in the company, valued at approximately $15,598,587.44. The trade was a 21.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ranbir Singh bought 18,645,603 shares of Navitas Semiconductor stock in a transaction dated 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 purchase, the director directly owned 18,645,603 shares in the company, valued at $163,894,850.37. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 2,205,596 shares of company stock valued at $13,041,333 over the last quarter. 29.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a research note on Tuesday, August 5th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Three investment 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's stock. Based on data from MarketBeat, Navitas Semiconductor currently has a consensus rating of "Hold" and a consensus 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.