WCG Wealth Advisors LLC Makes New Investment in Navitas Semiconductor Corporation $NVTS

WCG Wealth Advisors LLC bought a new position in Navitas Semiconductor Corporation (NASDAQ:NVTS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 45,805 shares of the company’s stock, valued at approximately $327,000.

Several other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc purchased a new stake in shares of Navitas Semiconductor in the 4th quarter worth $89,000. Goldman Sachs Group Inc. lifted its holdings in shares of Navitas Semiconductor by 120.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,170,459 shares of the company’s stock worth $8,357,000 after buying an additional 639,743 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Navitas Semiconductor by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 4,417,408 shares of the company’s stock worth $31,546,000 after buying an additional 501,110 shares during the period. Integrity Alliance LLC. purchased a new stake in shares of Navitas Semiconductor in the 4th quarter worth $280,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Navitas Semiconductor by 68,600.0% in the 4th quarter. Harbour Investments Inc. now owns 6,870 shares of the company’s stock worth $49,000 after buying an additional 6,860 shares during the period. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Navitas Semiconductor

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas was highlighted as a key enabler of AI infrastructure, with commentary saying its technology helps address thermal bottlenecks in AI server racks by improving power delivery architecture. Navitas: NVIDIA’s AI Power Broker?
• Positive Sentiment: News that NVIDIA showcased Navitas technology at Computex continued to drive momentum, reinforcing the market’s view that NVTS could be a beneficiary of NVIDIA’s AI ecosystem. NVTS Stock Soars on NVIDIA Collaboration: Is More Upside Ahead?
• Positive Sentiment: Investors also reacted to the stock hitting an all-time high after the NVIDIA showcase, underscoring strong speculative and momentum-driven buying. Navitas (NVTS) Hits All-Time High — Nvidia May Hold the Reason
• Neutral Sentiment: Navitas completed a share issuance tied to triggering events, which adds shares to the float but appears to be a routine corporate action rather than a major business update. Navitas Semiconductor Completes Share Issuance for Triggering Events
• Negative Sentiment: Some commentary is questioning whether the stock’s valuation has run too far, suggesting the recent surge may have outpaced fundamentals and could be vulnerable to a pullback. Navitas: Nvidia Cannot Save This Valuation

Navitas Semiconductor Price Performance

Shares of NASDAQ NVTS opened at $25.08 on Friday. The stock has a market capitalization of $5.86 billion, a P/E ratio of -39.81 and a beta of 3.75. Navitas Semiconductor Corporation has a 1-year low of $5.44 and a 1-year high of $34.17. The business has a fifty day moving average price of $17.64 and a 200 day moving average price of $11.92.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $8.60 million during the quarter, compared to analysts’ expectations of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The firm’s quarterly revenue was down 38.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS. As a group, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ranbir Singh sold 664,058 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.72, for a total transaction of $19,071,745.76. Following the completion of the sale, the director directly owned 14,943,475 shares in the company, valued at $429,176,602. This represents a 4.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Chris Allexandre sold 13,323 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total value of $423,804.63. Following the sale, the chief executive officer owned 1,072,633 shares of the company’s stock, valued at $34,120,455.73. This trade represents a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,087,630 shares of company stock worth $117,414,466 over the last ninety days. 12.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings cut Navitas Semiconductor from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Needham & Company LLC upped their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird upped their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Rosenblatt Securities upped their target price on Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded 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 assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Navitas Semiconductor has a consensus rating of “Hold” and a consensus target price of $12.87.

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.