Rhumbline Advisers Lowers Stake in Navitas Semiconductor Corporation $NVTS

Rhumbline Advisers reduced its holdings in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) by 2.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 173,115 shares of the company’s stock after selling 3,898 shares during the period. Rhumbline Advisers owned approximately 0.09% of Navitas Semiconductor worth $355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company’s stock worth $20,495,000 after purchasing an additional 123,598 shares during the last quarter. Invesco Ltd. raised its stake in shares of Navitas Semiconductor by 22.2% during the first quarter. Invesco Ltd. now owns 1,829,803 shares of the company’s stock worth $3,751,000 after purchasing an additional 331,832 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Navitas Semiconductor by 180.5% during the fourth quarter. Bank of America Corp DE now owns 1,234,375 shares of the company’s stock worth $4,407,000 after purchasing an additional 794,371 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Navitas Semiconductor during the first quarter worth approximately $675,000. Finally, SCS Capital Management LLC purchased a new stake in shares of Navitas Semiconductor during the first quarter worth approximately $567,000. 46.14% of the stock is owned by hedge funds and other institutional investors.

Navitas Semiconductor Trading Down 0.3%

NVTS stock opened at $6.86 on Thursday. The company has a market cap of $1.46 billion, a P/E ratio of -10.55 and a beta of 3.00. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $9.48. The company’s 50-day moving average price is $6.76 and its 200 day moving average price is $4.87.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The firm’s revenue was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVTS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $3.50 price target for the company. in a research note on Tuesday, June 17th. Craig Hallum downgraded shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a report on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an “outperform” rating to a “market perform” rating in a report on Monday, August 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three 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’s stock. According to data from MarketBeat, Navitas Semiconductor currently has an average rating of “Hold” and an average target price of $5.65.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, Director Ranbir Singh bought 18,645,603 shares of the business’s stock in a transaction on Monday, July 28th. The stock was bought at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the transaction, the director owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Long sold 500,000 shares of Navitas Semiconductor stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the transaction, the director owned 1,715,395 shares of the company’s stock, valued at approximately $10,481,063.45. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,705,596 shares of company stock worth $16,096,333. 29.90% of the stock is owned by insiders.

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.