2 weeks Ago By Defense World Staff
Vanguard Group Inc. boosted its holdings in Navitas Semiconductor Co. (NASDAQ:NVTS – Free Report) by 1.
7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,873,888 shares of the company’s stock after purchasing an additional 166,115 shares during the quarter. Vanguard Group Inc.
owned about 5.29% of Navitas Semiconductor worth $35,250,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Goodman Financial Corp acquired a new position in shares of Navitas Semiconductor during the fourth quarter valued at about $36,000. Cibc World Markets Corp acquired a new stake in shares of Navitas Semiconductor in the 4th quarter worth about $42,000. Raymond James Financial Inc.
bought a new position in Navitas Semiconductor in the 4th quarter valued at about $44,000. Signature Wealth Management Partners LLC acquired a new position in Navitas Semiconductor during the 4th quarter valued at about $51,000. Finally, AXQ Capital LP bought a new stake in Navitas Semiconductor during the 4th quarter worth approximately $56,000.
Institutional investors own 46.14% of the company’s stock. Navitas Semiconductor Price PerformanceShares of NASDAQ:NVTS opened at $1.
80 on Monday. Navitas Semiconductor Co. has a 1 year low of $1.
52 and a 1 year high of $5.14. The company has a market capitalization of $342.
95 million, a PE ratio of -4.29 and a beta of 2.24.
The business has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.76.
Insider Buying and SellingIn other news, Director Brian Long sold 47,189 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $2.36, for a total transaction of $111,366.
04. Following the completion of the sale, the director now owns 31,460 shares in the company, valued at $74,245.60.
This trade represents a 60.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $2.59, for a total transaction of $35,337.
96. Following the completion of the sale, the chief financial officer now directly owns 684,497 shares in the company, valued at $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 have sold 74,477 shares of company stock valued at $182,042. 31.80% of the stock is owned by insiders.
Analyst Upgrades and DowngradesA number of research analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $5.00 target price on shares of Navitas Semiconductor in a report on Thursday, March 13th.
Needham & Company LLC restated a “buy” rating and set a $4.00 price objective on shares of Navitas Semiconductor in a research note on Tuesday, February 25th. Robert W.
Baird reduced their target price on shares of 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, Morgan Stanley downgraded shares of Navitas Semiconductor from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $2.10 to $1.50 in a report on Monday, April 7th.
One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3.
82.Get Our Latest Stock Report on Navitas SemiconductorAbout Navitas Semiconductor (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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