Navitas Semiconductor Corporation $NVTS Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 61.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 545,303 shares of the company’s stock after selling 883,083 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Navitas Semiconductor worth $3,937,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. CWM LLC lifted its stake in shares of Navitas Semiconductor by 24.7% during the third quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after buying an additional 893 shares during the period. Strategic Blueprint LLC boosted its position in Navitas Semiconductor by 6.5% during the third quarter. Strategic Blueprint LLC now owns 15,426 shares of the company’s stock worth $111,000 after acquiring an additional 937 shares during the last quarter. Prospera Financial Services Inc grew its stake in Navitas Semiconductor by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock worth $219,000 after acquiring an additional 1,120 shares during the period. Captrust Financial Advisors raised its holdings in Navitas Semiconductor by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after acquiring an additional 1,667 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after purchasing an additional 2,698 shares during the period. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Insider Buying and Selling

In related news, CFO Todd Glickman sold 98,152 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $10.78, for a total value of $1,058,078.56. Following the transaction, the chief financial officer directly owned 735,231 shares of the company’s stock, valued at approximately $7,925,790.18. This trade represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 in the company, valued at $7,262,974.39. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 509,016 shares of company stock valued at $4,967,814. 29.90% of the stock is currently owned by company insiders.

Navitas Semiconductor Stock Performance

Navitas Semiconductor stock opened at $8.80 on Friday. Navitas Semiconductor Corporation has a 1 year low of $1.52 and a 1 year high of $17.79. The firm has a 50 day moving average price of $8.92 and a 200 day moving average price of $9.17. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -15.44 and a beta of 3.15.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The company had revenue of $7.30 million for the quarter, compared to the consensus estimate of $6.95 million. During the same quarter last year, the firm posted ($0.06) earnings per share. Navitas Semiconductor’s revenue was down 59.4% on a year-over-year basis. Sell-side analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NVTS shares. Rosenblatt Securities restated a “neutral” rating and set a $7.00 price objective on shares of Navitas Semiconductor in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Navitas Semiconductor presently has an average rating of “Reduce” and an average target price of $6.78.

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.