Navitas Semiconductor (NASDAQ:NVTS) Director Brian Long Sells 455,596 Shares

Key Points

• Navitas Semiconductor Director Brian Long sold 455,596 shares at an average price of $6.05, resulting in a transaction value of approximately $2.76 million.
• This sale, part of multiple recent transactions, decreased Long's total holdings by 17.06%, leaving him with approximately 2.22 million shares, valued at about $13.4 million.
• Analysts have recently set a range of price targets for Navitas Semiconductor, with a consensus average target of $5.65, indicating mixed perceptions of the stock's potential.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 455,596 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $6.05, for a total value of $2,756,355.80. Following the completion of the transaction, the director owned 2,215,395 shares of the company's stock, valued at approximately $13,403,139.75. This represents a 17.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Brian Long also recently made the following trade(s):

• On Wednesday, September 10th, Brian Long sold 750,000 shares of Navitas Semiconductor stock. The stock was sold at an average price of $5.84, for a total value of $4,380,000.00.
• On Tuesday, September 9th, Brian Long sold 497,700 shares of Navitas Semiconductor stock. The stock was sold at an average price of $5.76, for a total value of $2,866,752.00.
• On Friday, September 5th, Brian Long sold 2,300 shares of Navitas Semiconductor stock. The stock was sold at an average price of $5.75, for a total value of $13,225.00.
• On Wednesday, August 27th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The stock was sold at an average price of $6.05, for a total value of $3,025,000.00.

Navitas Semiconductor Price Performance

NASDAQ NVTS traded down $0.06 on Monday, reaching $6.11. The company had a trading volume of 17,473,592 shares, compared to its average volume of 13,031,139. The firm has a market capitalization of $1.30 billion, a PE ratio of -9.40 and a beta of 3.00. The firm has a 50-day moving average of $6.69 and a 200-day moving average of $4.69. Navitas Semiconductor Corporation has a 1 year low of $1.52 and a 1 year high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released 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). Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The business had revenue of $14.49 million during the quarter, compared to the consensus estimate of $14.43 million. During the same quarter last year, the company earned ($0.07) earnings per share. The business's quarterly revenue was down 29.2% compared to the same quarter last year. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

NVTS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded 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 report on Tuesday, June 17th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Needham & Company LLC reissued a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Finally, Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. 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 company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.65.

Institutional Investors Weigh In On Navitas Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Navitas Semiconductor by 1.3% in the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock valued at $20,495,000 after buying an additional 123,598 shares during the last quarter. Geode Capital Management LLC lifted its stake in Navitas Semiconductor by 3.9% in the second quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock valued at $21,882,000 after buying an additional 124,594 shares during the last quarter. Invesco Ltd. lifted its stake in Navitas Semiconductor by 75.2% in the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock valued at $20,999,000 after buying an additional 1,376,205 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Navitas Semiconductor by 1,332.3% in the second quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after buying an additional 1,492,512 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Navitas Semiconductor by 1,742.4% in the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after buying an additional 1,350,857 shares during the last quarter. 46.14% of the stock is currently owned by institutional investors.

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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