112,589 Shares in Navitas Semiconductor Corporation $NVTS Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Navitas Semiconductor Corporation (NASDAQ:NVTS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 112,589 shares of the company’s stock, valued at approximately $813,000. Y Intercept Hong Kong Ltd owned 0.05% of Navitas Semiconductor as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Navitas Semiconductor by 3.9% during the second quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company’s stock worth $21,882,000 after acquiring an additional 124,594 shares during the period. Invesco Ltd. boosted its holdings in Navitas Semiconductor by 75.2% in the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock valued at $20,999,000 after purchasing an additional 1,376,205 shares in the last quarter. BNP Paribas Financial Markets increased its position in Navitas Semiconductor by 1,332.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company’s stock worth $10,510,000 after purchasing an additional 1,492,512 shares during the period. JPMorgan Chase & Co. increased its position in Navitas Semiconductor by 1,742.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company’s stock worth $9,356,000 after purchasing an additional 1,350,857 shares during the period. Finally, FORA Capital LLC purchased a new position in shares of Navitas Semiconductor during the 2nd quarter worth approximately $3,309,000. Institutional investors and hedge funds own 46.14% of the company’s stock.

Insider Buying and Selling at Navitas Semiconductor

In other Navitas Semiconductor news, CFO Todd Glickman sold 78,307 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $9.77, for a total value of $765,059.39. Following the transaction, the chief financial officer directly owned 813,279 shares in the company, valued at approximately $7,945,735.83. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $1,556,792.72. Following the sale, the director owned 389,096 shares of the company’s stock, valued at approximately $3,377,353.28. This trade represents a 31.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,426,898 shares of company stock valued at $29,360,063. 29.90% of the stock is owned by company insiders.

Navitas Semiconductor Stock Up 0.5%

Navitas Semiconductor stock opened at $8.62 on Tuesday. The firm’s 50-day simple moving average is $8.91 and its 200 day simple moving average is $8.56. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $17.79. The firm has a market capitalization of $1.99 billion, a PE ratio of -13.47 and a beta of 3.16.

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

Wall Street Analyst Weigh In

NVTS has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Needham & Company LLC boosted their target price on shares of Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $8.00 price target on shares of Navitas Semiconductor in a research note on Monday, November 10th. Finally, Jefferies Financial Group upgraded shares of Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.48.

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.