Banque Cantonale Vaudoise Has $137,000 Stock Holdings in Navitas Semiconductor Corporation $NVTS

Banque Cantonale Vaudoise decreased its position in Navitas Semiconductor Corporation (NASDAQ:NVTS) by 69.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,644 shares of the company’s stock after selling 34,989 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Navitas Semiconductor were worth $137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DNB Asset Management AS acquired a new stake in shares of Navitas Semiconductor in the fourth quarter valued at about $774,000. UBS Group AG lifted its position 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 purchasing an additional 1,875,228 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in Navitas Semiconductor during the 3rd quarter valued at approximately $960,000. Newbridge Financial Services Group Inc. boosted its stake in Navitas Semiconductor by 1,425.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 132,874 shares of the company’s stock valued at $949,000 after purchasing an additional 124,164 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Navitas Semiconductor in the 4th quarter valued at approximately $484,000. 46.14% of the stock is currently owned by institutional investors and hedge funds.

Navitas Semiconductor Trading Up 2.5%

NASDAQ NVTS opened at $17.74 on Tuesday. Navitas Semiconductor Corporation has a 1-year low of $5.44 and a 1-year high of $34.17. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -28.16 and a beta of 3.75. The stock’s 50 day moving average is $21.59 and its two-hundred day moving average is $13.43.

Navitas Semiconductor (NASDAQ:NVTS) last posted its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $8.60 million during the quarter, compared to the consensus estimate of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.Navitas Semiconductor’s revenue was down 38.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. On average, analysts predict that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NVTS. Needham & Company LLC lifted their price target on Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Rosenblatt Securities increased their price objective on Navitas Semiconductor from $7.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird boosted their target price on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Navitas Semiconductor presently has an average rating of “Hold” and a consensus price target of $14.74.

Insider Buying and Selling

In other news, CEO Chris Allexandre sold 13,323 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were 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 approximately $34,120,455.73. This represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Hendrix sold 110,165 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the completion of the sale, the director directly owned 101,709 shares in the company, valued at approximately $2,945,492.64. The trade was a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,989,478 shares of company stock valued at $116,356,387. 12.40% of the stock is owned by insiders.

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.