SCS Capital Management LLC Purchases New Position in Navitas Semiconductor Corporation $NVTS

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

A number of other large investors also recently bought and sold shares of the business. Simplicity Wealth LLC purchased a new stake in shares of Navitas Semiconductor during the 1st quarter worth $26,000. Larson Financial Group LLC purchased a new position in Navitas Semiconductor in the first quarter worth $28,000. Benjamin Edwards Inc. acquired a new position in shares of Navitas Semiconductor during the first quarter worth $31,000. Teacher Retirement System of Texas purchased a new stake in shares of Navitas Semiconductor during the 1st quarter valued at $36,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Navitas Semiconductor by 125.4% in 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 in the last quarter. Institutional investors own 46.14% of the company's stock.

Insider Transactions at Navitas Semiconductor

In related news, Director Brian Long sold 750,000 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 2,670,991 shares of the company's stock, valued at $15,598,587.44. This trade represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ranbir Singh purchased 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The stock was bought at an average cost of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the acquisition, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 1,750,000 shares of company stock worth $10,284,977 in the last 90 days. Company insiders own 29.90% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a report on Tuesday, August 5th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft downgraded 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. Finally, CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Stock Up 1.5%

Shares of NASDAQ:NVTS traded up $0.09 during midday trading on Friday, reaching $6.17. The company's stock had a trading volume of 31,132,995 shares, compared to its average volume of 12,121,434. The stock has a fifty day moving average of $6.69 and a 200 day moving average of $4.65. Navitas Semiconductor Corporation has a twelve month low of $1.52 and a twelve month high of $9.48. The firm has a market capitalization of $1.31 billion, a PE ratio of -9.49 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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%. The firm's quarterly revenue was down 29.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

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.