Vanguard Group Inc. Raises Stake in Navitas Semiconductor Corporation $NVTS

Vanguard Group Inc. grew its position in Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,997,486 shares of the company's stock after buying an additional 123,598 shares during the period. Vanguard Group Inc. owned approximately 5.25% of Navitas Semiconductor worth $20,495,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Simplicity Wealth LLC purchased a new position in Navitas Semiconductor in the first quarter worth about $26,000. Larson Financial Group LLC purchased a new position in Navitas Semiconductor in the first quarter worth about $28,000. Caption Management LLC purchased a new position in Navitas Semiconductor in the fourth quarter worth about $36,000. Teacher Retirement System of Texas purchased a new position in Navitas Semiconductor in the first quarter worth about $36,000. Finally, Tower Research Capital LLC TRC raised 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 worth $37,000 after buying an additional 5,726 shares during the last quarter. 46.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NVTS shares. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a research note on Tuesday, June 17th. Craig Hallum lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target for the company. in a research note on Tuesday, August 5th. Needham & Company LLC reiterated a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Navitas Semiconductor has a consensus rating of "Hold" and an average target price of $5.65.

Insiders Place Their Bets

In other Navitas Semiconductor news, CEO Eugene Sheridan sold 361,332 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $8.23, for a total value of $2,973,762.36. Following the completion of the transaction, the chief executive officer directly owned 600,000 shares in the company, valued at $4,938,000. This represents a 37.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ranbir Singh purchased 18,645,603 shares of the company's stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the transaction, the director owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 11,132,602 shares of company stock worth $80,301,313 over the last three months. 29.90% of the stock is currently owned by company insiders.

Navitas Semiconductor Price Performance

Shares of NVTS stock opened at $5.86 on Friday. Navitas Semiconductor Corporation has a 1 year low of $1.52 and a 1 year high of $9.48. The firm has a fifty day moving average price of $6.86 and a 200-day moving average price of $4.45. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -9.02 and a beta of 3.02.

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, hitting analysts' consensus estimates of ($0.05). The business had revenue of $14.49 million during the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The company's revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

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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