Navitas Semiconductor Corporation $NVTS Shares Sold by AXQ Capital LP

AXQ Capital LP lowered its position in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 46.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,450 shares of the company’s stock after selling 41,972 shares during the period. AXQ Capital LP’s holdings in Navitas Semiconductor were worth $346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Navitas Semiconductor by 309.4% in the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after acquiring an additional 2,698 shares during the period. NewEdge Advisors LLC grew its holdings in Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after buying an additional 2,942 shares during the last quarter. GAMMA Investing LLC grew its holdings in Navitas Semiconductor by 116.5% during the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after buying an additional 2,548 shares during the last quarter. Harbour Investments Inc. grew its holdings in Navitas Semiconductor by 68,600.0% during the 4th quarter. Harbour Investments Inc. now owns 6,870 shares of the company’s stock valued at $49,000 after buying an additional 6,860 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in Navitas Semiconductor by 89.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,929 shares of the company’s stock valued at $58,000 after buying an additional 3,750 shares during the last quarter. Institutional investors and hedge funds own 46.14% of the company’s stock.

Navitas Semiconductor Stock Down 0.6%

NVTS stock opened at $30.67 on Friday. Navitas Semiconductor Corporation has a 52-week low of $5.44 and a 52-week high of $34.17. The stock’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $11.83. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of -48.68 and a beta of 3.75.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The business had revenue of $8.60 million for the quarter, compared to analysts’ expectations of $8.22 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The business’s revenue was down 38.7% on a year-over-year basis. As a group, analysts anticipate that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Navitas Semiconductor from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Morgan Stanley reiterated an “underweight” rating and set a $13.70 target price on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Rosenblatt Securities increased their target price on Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird increased their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.87.

Navitas Semiconductor News Roundup

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas said it is collaborating with NVIDIA’s MGX ecosystem to accelerate 800 VDC AI infrastructure, reinforcing the company’s role in next-generation data-center power delivery. Navitas Collaborates with NVIDIA MGX™ Ecosystem to Accelerate 800 VDC AI Infrastructure
• Positive Sentiment: Momentum has been amplified by heavy investor enthusiasm after Navitas’ technology was showcased at NVIDIA’s partner event, which helped push the stock to new highs and fueled speculation about further AI-related upside. Navitas Semiconductor shares gain on inclusion in Nvidia partner event
• Neutral Sentiment: Navitas also completed issuance of 3,283,844 Class A shares related to triggering events, a corporate action that investors may watch for dilution implications. Navitas Semiconductor Completes Share Issuance for Triggering Events
• Negative Sentiment: Some commentary is warning that NVTS’ valuation may have outrun fundamentals, with skepticism that NVIDIA enthusiasm alone can justify the stock’s steep run-up. Navitas: Nvidia Cannot Save This Valuation

Insider Buying and Selling at Navitas Semiconductor

In other news, CEO Chris Allexandre sold 13,323 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total transaction of $423,804.63. Following the sale, the chief executive officer owned 1,072,633 shares in the company, valued at $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Kent Wunderlich, Jr. sold 35,165 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.14, for a total value of $989,543.10. Following the sale, the director owned 2,375,060 shares in the company, valued at $66,834,188.40. This trade represents a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,087,630 shares of company stock valued at $117,414,466. 12.40% of the stock is currently owned by insiders.

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.