Capstone Capital Management Ltd Takes Position in Navitas Semiconductor Corporation $NVTS

Capstone Capital Management Ltd bought a new position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 43,668 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Navitas Semiconductor by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 14,691,351 shares of the company’s stock valued at $104,896,000 after acquiring an additional 1,330,703 shares during the last quarter. UBS Group AG lifted its stake in Navitas Semiconductor by 131.0% during the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock valued at $23,612,000 after purchasing an additional 1,875,228 shares during the last quarter. Invesco Ltd. boosted its holdings in Navitas Semiconductor by 75.2% during the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock worth $20,999,000 after buying an additional 1,376,205 shares in the last quarter. BNP Paribas Financial Markets grew its position in Navitas Semiconductor by 90.0% in the third quarter. BNP Paribas Financial Markets now owns 3,048,943 shares of the company’s stock worth $22,013,000 after buying an additional 1,444,405 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Navitas Semiconductor in the third quarter worth approximately $11,243,000. 46.14% of the stock is owned by institutional investors.

Insider Transactions at Navitas Semiconductor

In other news, Director Ranbir Singh sold 389,096 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $9.52, for a total value of $3,704,193.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Allexandre sold 9,236 shares of Navitas Semiconductor stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total value of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares of the company’s stock, valued at approximately $7,262,974.39. The trade was a 1.12% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 509,016 shares of company stock valued at $4,967,814. Company insiders own 29.90% of the company’s stock.

Navitas Semiconductor Stock Down 7.7%

Shares of Navitas Semiconductor stock opened at $19.67 on Tuesday. Navitas Semiconductor Corporation has a 12-month low of $1.88 and a 12-month high of $23.82. The stock has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $10.27. The stock has a market capitalization of $4.60 billion, a P/E ratio of -31.22 and a beta of 3.62.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $8.60 million during the quarter, compared to the consensus estimate of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The firm’s revenue for the quarter was down 38.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) EPS. Sell-side analysts anticipate that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Rosenblatt Securities lifted their price target on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Robert W. Baird lifted their target price on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley restated an “underweight” rating and set a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Tuesday, April 21st. Finally, Needham & Company LLC lifted their price objective on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Navitas Semiconductor has an average rating of “Hold” and a consensus target price of $12.87.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.