Envestnet Asset Management Inc. Takes $421,000 Position in Navitas Semiconductor Corporation $NVTS

Envestnet Asset Management Inc. purchased a new position in Navitas Semiconductor Corporation (NASDAQ:NVTS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 64,312 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVTS. Cranbrook Wealth Management LLC bought a new stake in Navitas Semiconductor in the second quarter worth $25,000. ST Germain D J Co. Inc. bought a new position in shares of Navitas Semiconductor during the second quarter valued at $33,000. HighMark Wealth Management LLC purchased a new position in shares of Navitas Semiconductor in the 2nd quarter worth about $66,000. West Tower Group LLC bought a new position in Navitas Semiconductor in the 2nd quarter worth about $66,000. Finally, Boyd Wealth Management LLC purchased a new stake in Navitas Semiconductor during the 2nd quarter valued at about $66,000. Institutional investors own 46.14% of the company’s stock.

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Brian Long sold 500,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the transaction, the director directly owned 1,715,395 shares of the company’s stock, valued at approximately $10,481,063.45. This trade represents a 22.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd Glickman sold 96,313 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $10.56, for a total value of $1,017,065.28. Following the sale, the chief financial officer directly owned 891,268 shares of the company’s stock, valued at $9,411,790.08. This represents a 9.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,302,254 shares of company stock valued at $14,090,955 over the last 90 days. 29.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVTS has been the subject of several recent analyst reports. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Rosenblatt Securities restated a “neutral” rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Monday, November 10th. Jefferies Financial Group upgraded Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Craig Hallum cut Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Navitas Semiconductor currently has a consensus rating of “Hold” and an average price target of $6.48.

Navitas Semiconductor Stock Up 3.9%

Shares of NASDAQ:NVTS opened at $8.34 on Thursday. The stock has a market capitalization of $1.92 billion, a PE ratio of -13.03 and a beta of 3.10. The firm’s 50 day moving average price is $9.77 and its 200-day moving average price is $7.45. Navitas Semiconductor Corporation has a twelve month low of $1.52 and a twelve month high of $17.79.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Navitas Semiconductor had a negative net margin of 220.85% and a negative return on equity of 14.86%. The business had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $10.00 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The firm’s revenue was down 53.4% on a year-over-year basis. Navitas Semiconductor has set its Q4 2025 guidance at EPS. Analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

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.