Navitas Semiconductor Corporation $NVTS Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lowered its position in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 39.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,103 shares of the company’s stock after selling 179,984 shares during the period. Arete Wealth Advisors LLC owned approximately 0.13% of Navitas Semiconductor worth $2,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Navitas Semiconductor by 189.8% in the second 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 in the last quarter. CWM LLC increased its holdings in shares of Navitas Semiconductor by 24.7% in the third quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after purchasing an additional 893 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Navitas Semiconductor by 1,376.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock valued at $38,000 after acquiring an additional 4,927 shares during the last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Navitas Semiconductor by 72.5% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 6,637 shares of the company’s stock worth $48,000 after buying an additional 2,789 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Navitas Semiconductor by 1,510.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,424 shares of the company’s stock valued at $49,000 after purchasing an additional 6,963 shares during the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC boosted their target price on Navitas Semiconductor from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research report on Thursday, January 22nd. Finally, Rosenblatt Securities cut their target price on shares of Navitas Semiconductor from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.32.

Navitas Semiconductor Price Performance

Shares of NVTS opened at $9.00 on Monday. Navitas Semiconductor Corporation has a 1-year low of $1.52 and a 1-year high of $17.79. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -15.79 and a beta of 3.16. The firm has a 50 day simple moving average of $8.92 and a 200-day simple moving average of $8.68.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $7.30 million during the quarter, compared to the consensus estimate of $6.95 million. Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 15.27%. The company’s quarterly revenue was down 59.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts expect that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Navitas Semiconductor news, CFO Todd Glickman sold 78,307 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $9.77, for a total transaction of $765,059.39. Following the transaction, the chief financial officer owned 813,279 shares in the company, valued at $7,945,735.83. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ranbir Singh sold 179,354 shares of Navitas Semiconductor stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $8.68, for a total value of $1,556,792.72. Following the sale, the director directly owned 389,096 shares in the company, valued at approximately $3,377,353.28. The trade was a 31.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,695,044 shares of company stock worth $14,374,446. Corporate insiders own 29.90% of the company’s stock.

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.