XTX Topco Ltd Acquires Shares of 159,736 Navitas Semiconductor Co. (NASDAQ:NVTS)

XTX Topco Ltd purchased a new position in Navitas Semiconductor Co. (NASDAQ:NVTS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 159,736 shares of the company's stock, valued at approximately $570,000. XTX Topco Ltd owned approximately 0.09% of Navitas Semiconductor at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NVTS. Barclays PLC increased its holdings in shares of Navitas Semiconductor by 11.7% during the 4th quarter. Barclays PLC now owns 218,038 shares of the company's stock valued at $778,000 after acquiring an additional 22,786 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Navitas Semiconductor during the fourth quarter valued at approximately $44,000. Wells Fargo & Company MN raised its position in shares of Navitas Semiconductor by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 78,149 shares of the company's stock valued at $279,000 after purchasing an additional 16,143 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Navitas Semiconductor during the 4th quarter worth $90,000. Finally, Geode Capital Management LLC grew its stake in Navitas Semiconductor by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 3,081,916 shares of the company's stock valued at $11,005,000 after buying an additional 113,277 shares during the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 13,644 shares of Navitas Semiconductor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $2.59, for a total transaction of $35,337.96. Following the sale, the chief financial officer now owns 684,497 shares in the company, valued at $1,772,847.23. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,477 shares of company stock valued at $182,042. 31.80% of the stock is owned by corporate insiders.

Navitas Semiconductor Trading Down 1.2 %

NVTS stock traded down $0.03 during trading on Friday, reaching $2.01. 1,119,330 shares of the stock were exchanged, compared to its average volume of 3,756,943. The stock has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $2.71. The company has a market capitalization of $382.01 million, a P/E ratio of -4.75 and a beta of 2.24. Navitas Semiconductor Co. has a twelve month low of $1.52 and a twelve month high of $5.14.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $4.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, February 25th. Morgan Stanley cut Navitas Semiconductor from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $2.10 to $1.50 in a research report on Monday, April 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $5.00 target price on shares of Navitas Semiconductor in a report on Thursday, March 13th. Finally, Robert W. Baird dropped their price target on Navitas Semiconductor from $5.00 to $4.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.82.

Navitas Semiconductor Company 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.