1 week Ago By Defense World Staff
Invesco Ltd. lessened its stake in shares of Navitas Semiconductor Co. (NASDAQ:NVTS – Free Report) by 26.
3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,497,971 shares of the company’s stock after selling 534,836 shares during the quarter. Invesco Ltd.
owned approximately 0.80% of Navitas Semiconductor worth $5,348,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also made changes to their positions in the stock.
Vanguard Group Inc. lifted its stake in shares of Navitas Semiconductor by 1.7% during the 4th quarter.
Vanguard Group Inc. now owns 9,873,888 shares of the company’s stock worth $35,250,000 after purchasing an additional 166,115 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Navitas Semiconductor by 3.
8% during the fourth quarter. Geode Capital Management LLC now owns 3,081,916 shares of the company’s stock valued at $11,005,000 after buying an additional 113,277 shares during the last quarter. Charles Schwab Investment Management Inc.
boosted its holdings in shares of Navitas Semiconductor by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,046,750 shares of the company’s stock valued at $3,737,000 after buying an additional 76,870 shares in the last quarter. DnB Asset Management AS grew its position in shares of Navitas Semiconductor by 109.8% in the 4th quarter.
DnB Asset Management AS now owns 506,124 shares of the company’s stock worth $1,807,000 after buying an additional 264,906 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Navitas Semiconductor by 27.6% during the 4th quarter.
Bank of New York Mellon Corp now owns 498,713 shares of the company’s stock worth $1,780,000 after acquiring an additional 107,828 shares in the last quarter. 46.14% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their BetsIn related news, Director Brian Long sold 47,189 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $2.36, for a total transaction of $111,366.
04. Following the sale, the director now directly owns 31,460 shares of the company’s stock, valued at $74,245.60.
This trade represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Also, CFO Todd Glickman sold 13,644 shares of Navitas Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $2.59, for a total value of $35,337.
96. Following the transaction, the chief financial officer now owns 684,497 shares of the company’s stock, valued at approximately $1,772,847.23.
This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
In the last ninety days, insiders sold 74,477 shares of company stock valued at $182,042. 31.80% of the stock is owned by insiders.
Wall Street Analysts Forecast GrowthSeveral equities analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $5.00 price target on shares of Navitas Semiconductor in a report on Thursday, March 13th.
Morgan Stanley cut Navitas Semiconductor from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $2.10 to $1.50 in a research report on Monday, April 7th.
Robert W. Baird decreased their price target on Navitas Semiconductor from $5.00 to $4.
00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $4.00 price target on shares of Navitas Semiconductor in a report on Tuesday, February 25th.
One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $3.82.
Get Our Latest Stock Report on NVTSNavitas Semiconductor Stock Up 1.0 %Shares of NASDAQ:NVTS opened at $2.05 on Friday.
Navitas Semiconductor Co. has a 52-week low of $1.52 and a 52-week high of $5.
14. The stock has a market cap of $390.59 million, a price-to-earnings ratio of -4.
88 and a beta of 2.24. The business has a 50-day moving average price of $2.
20 and a 200-day moving average price of $2.71. Navitas Semiconductor Profile (Free Report)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.Featured ArticlesFive stocks we like better than Navitas SemiconductorDifferences Between Momentum Investing and Long Term Investing Markets Think Robinhood Earnings Could Send the Stock UpUpcoming IPO Stock Lockup Period, ExplainedChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?How Technical Indicators Can Help You Find Oversold Stocks AT&T: Subscriber Growth & Buybacks Signal Bullish TurnaroundWant to see what other hedge funds are holding NVTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navitas Semiconductor Co.
(NASDAQ:NVTS – Free Report)..
