UBS Group AG Increases Holdings in Navitas Semiconductor Corporation $NVTS

UBS Group AG increased its stake in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) by 131.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,307,036 shares of the company’s stock after purchasing an additional 1,875,228 shares during the period. UBS Group AG’s holdings in Navitas Semiconductor were worth $23,612,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Navitas Semiconductor by 309.4% in the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after acquiring an additional 2,698 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Navitas Semiconductor by 189.8% during the 2nd 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 during the period. CWM LLC grew its stake in shares of Navitas Semiconductor by 24.7% during the 3rd 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. GAMMA Investing LLC grew its stake in shares of Navitas Semiconductor by 116.5% during the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after buying an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake 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 buying an additional 4,927 shares during the period. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Navitas Semiconductor

In related news, 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 sale, the chief executive officer owned 813,323 shares of the company’s stock, valued at approximately $7,262,974.39. The trade was a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd Glickman sold 98,152 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total transaction of $1,058,078.56. Following the transaction, the chief financial officer directly owned 735,231 shares of the company’s stock, valued at $7,925,790.18. This represents a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 509,016 shares of company stock valued at $4,967,814. Insiders own 29.90% of the company’s stock.

Navitas Semiconductor Price Performance

Shares of NASDAQ:NVTS opened at $18.20 on Monday. The firm has a fifty day moving average of $11.11 and a two-hundred day moving average of $9.96. The firm has a market capitalization of $4.20 billion, a P/E ratio of -28.89 and a beta of 3.62. Navitas Semiconductor Corporation has a 12-month low of $1.83 and a 12-month high of $19.79.

Navitas Semiconductor (NASDAQ:NVTS) last issued its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The company had revenue of $8.60 million during the quarter, compared to analyst estimates of $8.22 million. During the same quarter last year, the business posted ($0.06) EPS. The company’s revenue for the quarter was down 38.7% on a year-over-year basis. Equities research analysts expect that Navitas Semiconductor Corporation will post -0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVTS has been the subject of several recent analyst reports. Morgan Stanley restated an “underweight” rating and set a $13.70 target price on shares of Navitas Semiconductor in a research note on Wednesday. Rosenblatt Securities raised their target price on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird raised their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.87.

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.