386,030 Shares in Navitas Semiconductor Corporation $NVTS Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE bought a new stake in Navitas Semiconductor Corporation (NASDAQ:NVTS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 386,030 shares of the company’s stock, valued at approximately $184,356,000. Flossbach Von Storch SE owned approximately 0.15% of Navitas Semiconductor as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its position in shares of Navitas Semiconductor by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company’s stock valued at $370,000 after purchasing an additional 1,150 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Navitas Semiconductor by 247.8% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock worth $31,000 after purchasing an additional 1,239 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Navitas Semiconductor by 12.6% during the fourth quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock worth $96,000 after purchasing an additional 1,505 shares in the last quarter. Captrust Financial Advisors increased its holdings in Navitas Semiconductor by 3.8% in the second quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after buying an additional 1,667 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Navitas Semiconductor by 3.9% in the fourth quarter. Osaic Holdings Inc. now owns 46,304 shares of the company’s stock valued at $331,000 after buying an additional 1,743 shares during the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Analysts Set New Price Targets

NVTS has been the subject of a number of recent analyst reports. Wall Street Zen raised Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Jefferies Financial Group set a $13.00 target price on Navitas Semiconductor in a research report on Tuesday, July 28th. Morgan Stanley restated an “underweight” rating and set a $12.60 target price on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price target on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Navitas Semiconductor has a consensus rating of “Hold” and an average target price of $15.92.

Navitas Semiconductor Price Performance

Shares of NVTS opened at $12.83 on Thursday. Navitas Semiconductor Corporation has a 1-year low of $5.44 and a 1-year high of $34.17. The stock has a market cap of $3.35 billion, a PE ratio of -9.65 and a beta of 3.86. The firm has a fifty day moving average price of $15.18 and a 200 day moving average price of $14.48.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings data on Monday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Navitas Semiconductor had a negative return on equity of 13.13% and a negative net margin of 856.85%.The company had revenue of $10.53 million for the quarter, compared to analyst estimates of $9.97 million. During the same quarter last year, the company posted ($0.25) earnings per share. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. As a group, equities analysts expect that Navitas Semiconductor Corporation will post -0.31 EPS for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, CEO Chris Allexandre sold 13,323 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 1,072,633 shares in the company, valued at approximately $34,120,455.73. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ranbir Singh sold 664,058 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.72, for a total value of $19,071,745.76. Following the completion of the sale, the director directly owned 14,943,475 shares of the company’s stock, valued at $429,176,602. The trade was a 4.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,989,478 shares of company stock valued at $116,356,387 in the last 90 days. Company insiders own 12.40% of the company’s stock.

Navitas Semiconductor 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.