1 week Ago By ABMN Staff
Invesco Ltd. reduced its holdings in Navitas Semiconductor Co. ( NASDAQ:NVTS – Free Report ) by 26.
3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,497,971 shares of the company’s stock after selling 534,836 shares during the period. Invesco Ltd.
’s holdings in Navitas Semiconductor were worth $5,348,000 at the end of the most recent quarter. Other large investors have also made changes to their positions in the company. Vanguard Group Inc.
increased its holdings in Navitas Semiconductor by 1.7% in the 4th quarter. Vanguard Group Inc.
now owns 9,873,888 shares of the company’s stock worth $35,250,000 after acquiring an additional 166,115 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $11,005,000 after purchasing an additional 113,277 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 boosted its holdings in 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 increased its stake in 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 buying an additional 107,828 shares in the last quarter.
46.14% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of analysts have recently issued reports on NVTS shares.
Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, February 25th. Rosenblatt Securities reissued a “buy” rating and issued a $5.
00 price target on shares of Navitas Semiconductor in a research note on Thursday, March 13th. Robert W. Baird cut their price objective on shares of Navitas Semiconductor from $5.
00 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Finally, Morgan Stanley cut Navitas Semiconductor from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $2.
10 to $1.50 in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.82.
Navitas Semiconductor Stock Performance NVTS opened at $2.05 on Friday. The business’s 50 day moving average price is $2.
20 and its 200 day moving average price is $2.71. The stock has a market capitalization of $390.
59 million, a PE ratio of -4.88 and a beta of 2.24.
Navitas Semiconductor Co. has a one year low of $1.52 and a one year high of $5.
14. Insider Transactions at Navitas Semiconductor In other Navitas Semiconductor news, Director Brian Long sold 47,189 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $2.
36, for a total value of $111,366.04. Following the transaction, the director now owns 31,460 shares of the company’s stock, valued at $74,245.
60. This represents a 60.00 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available through this link . Also, CFO Todd Glickman sold 13,644 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $2.
59, for a total transaction of $35,337.96. Following the transaction, the chief financial officer now directly owns 684,497 shares of the company’s stock, valued at approximately $1,772,847.
23. This trade represents a 1.95 % decrease in their position.
The disclosure for this sale can be found here . In the last ninety days, insiders sold 74,477 shares of company stock worth $182,042. 31.
80% of the stock is currently owned by company insiders. Navitas Semiconductor Company 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.
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