Susquehanna Fundamental Investments LLC Acquires Shares of 327,837 Navitas Semiconductor Co. (NASDAQ:NVTS)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Navitas Semiconductor Co. (NASDAQ:NVTS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 327,837 shares of the company's stock, valued at approximately $1,170,000. Susquehanna Fundamental Investments LLC owned about 0.18% of Navitas Semiconductor at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. 180 Wealth Advisors LLC increased its holdings in shares of Navitas Semiconductor by 15.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 90,682 shares of the company's stock valued at $324,000 after purchasing an additional 12,027 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Navitas Semiconductor by 81.7% in the 4th quarter. SG Americas Securities LLC now owns 98,601 shares of the company's stock valued at $352,000 after buying an additional 44,340 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of Navitas Semiconductor in the 4th quarter valued at $357,000. Signature Wealth Management Partners LLC acquired a new position in shares of Navitas Semiconductor during the fourth quarter valued at $51,000. Finally, Compass Capital Corp MA ADV bought a new position in Navitas Semiconductor in the fourth quarter valued at about $553,000. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Stock Up 0.2 %

Shares of NASDAQ:NVTS traded up $0.00 during mid-day trading on Wednesday, reaching $1.91. 570,160 shares of the stock were exchanged, compared to its average volume of 3,765,673. The company has a market cap of $364.67 million, a P/E ratio of -4.56 and a beta of 2.24. The stock's 50 day simple moving average is $2.07 and its 200-day simple moving average is $2.69. Navitas Semiconductor Co. has a one year low of $1.52 and a one year high of $5.14.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.06). Navitas Semiconductor had a negative net margin of 84.61% and a negative return on equity of 23.64%. The company had revenue of $14.02 million for the quarter, compared to the consensus estimate of $14.01 million. During the same period last year, the company earned ($0.06) earnings per share. The firm's revenue was down 39.7% compared to the same quarter last year. Analysts anticipate that Navitas Semiconductor Co. will post -0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NVTS has been the topic of several analyst reports. Robert W. Baird cut their price objective on shares of Navitas Semiconductor from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Morgan Stanley lowered Navitas Semiconductor from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $2.10 to $1.50 in a research report on Monday, April 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $4.00 price objective on shares of Navitas Semiconductor in a report on Tuesday. Finally, Needham & Company LLC decreased their target price on Navitas Semiconductor from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.54.

Insider Transactions at Navitas Semiconductor

In other news, CFO Todd Glickman sold 13,644 shares of Navitas Semiconductor stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $2.59, for a total value of $35,337.96. Following the completion of the transaction, the chief financial officer now owns 684,497 shares of the company's stock, valued at $1,772,847.23. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Long sold 47,189 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $2.36, for a total transaction of $111,366.04. Following the completion of the sale, the director now directly owns 31,460 shares in the company, valued at approximately $74,245.60. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,477 shares of company stock worth $182,042 in the last three months. Insiders own 31.80% of the company's stock.

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.