Banque Cantonale Vaudoise Reduces Stock Holdings in Navitas Semiconductor Corporation $NVTS

Banque Cantonale Vaudoise lowered its position in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 26.3% in the fourth quarter, HoldingsChannel reports. The firm owned 50,633 shares of the company’s stock after selling 18,095 shares during the period. Banque Cantonale Vaudoise’s holdings in Navitas Semiconductor were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Navitas Semiconductor by 10.0% in the fourth quarter. Vanguard Group Inc. now owns 14,691,351 shares of the company’s stock valued at $104,896,000 after purchasing an additional 1,330,703 shares during the period. UBS Group AG increased its holdings in shares of Navitas Semiconductor by 131.0% during the 4th quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock worth $23,612,000 after buying an additional 1,875,228 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Navitas Semiconductor by 75.2% during the 2nd 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. BNP Paribas Financial Markets increased its holdings in shares of Navitas Semiconductor by 90.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,048,943 shares of the company’s stock worth $22,013,000 after buying an additional 1,444,405 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Navitas Semiconductor during the 3rd quarter worth approximately $11,243,000. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVTS shares. Rosenblatt Securities raised their price target 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. Robert W. Baird raised their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Morgan Stanley restated an “underweight” rating and set a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Needham & Company LLC raised their price target on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.87.

Navitas Semiconductor Stock Performance

Navitas Semiconductor stock opened at $29.25 on Friday. Navitas Semiconductor Corporation has a fifty-two week low of $4.22 and a fifty-two week high of $29.50. The firm has a 50 day moving average price of $13.90 and a 200 day moving average price of $10.59. The company has a market capitalization of $6.84 billion, a PE ratio of -46.43 and a beta of 3.62.

Navitas Semiconductor (NASDAQ:NVTS) last posted its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $8.60 million during the quarter, compared to the consensus estimate of $8.22 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was down 38.7% on a year-over-year basis. As a group, equities research analysts forecast that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 98,152 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the transaction, the chief financial officer owned 735,231 shares in the company, valued at $7,925,790.18. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Chris Allexandre sold 9,236 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares of the company’s stock, valued at approximately $7,262,974.39. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 509,016 shares of company stock worth $4,967,814. Insiders own 12.40% of the company’s stock.

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.