Wealth Management Associates Inc. Makes New Investment in Navitas Semiconductor Corporation $NVTS

Wealth Management Associates Inc. acquired a new stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,070 shares of the company’s stock, valued at approximately $520,000.

A number of other institutional investors also recently modified their holdings of NVTS. BNP Paribas Financial Markets grew its position in Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company’s stock valued at $10,510,000 after purchasing an additional 1,492,512 shares during the period. Invesco Ltd. raised its holdings in Navitas Semiconductor by 75.2% during the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock worth $20,999,000 after buying an additional 1,376,205 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Navitas Semiconductor by 1,742.4% in the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company’s stock valued at $9,356,000 after buying an additional 1,350,857 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Navitas Semiconductor during the second quarter valued at about $3,309,000. Finally, Baird Financial Group Inc. grew its holdings in shares of Navitas Semiconductor by 2,514.3% during the second quarter. Baird Financial Group Inc. now owns 419,237 shares of the company’s stock valued at $2,746,000 after buying an additional 403,201 shares during the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Gary Kent Wunderlich, Jr. sold 49,651 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $9.31, for a total value of $462,250.81. Following the sale, the director owned 86,964 shares of the company’s stock, valued at approximately $809,634.84. The trade was a 36.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dipender Saluja sold 873,488 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.10, for a total value of $7,075,252.80. Following the completion of the transaction, the director owned 4,755,536 shares in the company, valued at approximately $38,519,841.60. The trade was a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,426,898 shares of company stock valued at $29,360,063 in the last three months. 29.90% of the stock is owned by corporate insiders.

Navitas Semiconductor Stock Down 1.4%

Navitas Semiconductor stock opened at $7.14 on Friday. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $17.79. The company’s 50 day moving average price is $8.97 and its two-hundred day moving average price is $8.02. The stock has a market cap of $1.65 billion, a P/E ratio of -11.16 and a beta of 3.16.

Navitas Semiconductor (NASDAQ:NVTS) last released its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.00 million. Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.Navitas Semiconductor’s quarterly revenue was down 53.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share. On average, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVTS. Jefferies Financial Group upgraded shares of Navitas Semiconductor to a “hold” rating in a report on Tuesday, October 28th. Needham & Company LLC boosted their price objective on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Navitas Semiconductor presently has an average rating of “Hold” and an average price target of $6.48.

Navitas Semiconductor Company Profile

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.