HighMark Wealth Management LLC Makes New $66,000 Investment in Navitas Semiconductor Corporation $NVTS

HighMark Wealth Management LLC purchased a new position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) in the second quarter, Holdings Channel reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors also recently bought and sold shares of the company. Cranbrook Wealth Management LLC purchased a new position in Navitas Semiconductor during the 2nd quarter worth approximately $25,000. ST Germain D J Co. Inc. purchased a new position in shares of Navitas Semiconductor during the 2nd quarter valued at approximately $33,000. Boyd Wealth Management LLC purchased a new position in shares of Navitas Semiconductor during the 2nd quarter valued at approximately $66,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Navitas Semiconductor during the 2nd quarter valued at approximately $70,000. Finally, Mandatum Life Insurance Co Ltd purchased a new position in shares of Navitas Semiconductor during the 2nd quarter valued at approximately $79,000. 46.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVTS has been the subject of several recent research reports. Craig Hallum lowered shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut shares of Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $3.50 price target on the stock. in a research note on Tuesday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.65.

Insider Activity

In related news, Director Ranbir Singh acquired 18,645,603 shares of Navitas Semiconductor stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the acquisition, the director owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Long sold 500,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the completion of the sale, the director owned 1,715,395 shares in the company, valued at approximately $10,481,063.45. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,705,596 shares of company stock worth $16,096,333. 29.90% of the stock is owned by insiders.

Navitas Semiconductor Trading Up 12.2%

Shares of NVTS stock opened at $8.19 on Friday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -12.60 and a beta of 3.03. Navitas Semiconductor Corporation has a twelve month low of $1.52 and a twelve month high of $9.48. The company’s 50-day moving average price is $6.66 and its 200-day moving average price is $5.06.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. Navitas Semiconductor’s revenue was down 29.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

About Navitas Semiconductor

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company’s products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.