Signature Wealth Management Partners LLC Makes New Investment in Navitas Semiconductor Co. (NASDAQ:NVTS)

Signature Wealth Management Partners LLC bought a new stake in Navitas Semiconductor Co. (NASDAQ:NVTS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,300 shares of the company’s stock, valued at approximately $51,000.

Several other large investors have also modified their holdings of the stock. Benjamin Edwards Inc. bought a new stake in Navitas Semiconductor during the third quarter valued at $36,000. Bleakley Financial Group LLC acquired a new position in shares of Navitas Semiconductor in the 3rd quarter valued at about $41,000. GSA Capital Partners LLP bought a new stake in shares of Navitas Semiconductor during the 3rd quarter valued at about $44,000. Algert Global LLC acquired a new stake in Navitas Semiconductor during the second quarter worth about $50,000. Finally, PEAK6 Investments LLC bought a new position in Navitas Semiconductor in the third quarter worth about $62,000. Institutional investors own 46.14% of the company’s stock.

Navitas Semiconductor Trading Down 0.3 %

Shares of NVTS stock opened at $2.98 on Wednesday. Navitas Semiconductor Co. has a 1 year low of $1.75 and a 1 year high of $7.40. The stock has a fifty day moving average of $3.35 and a two-hundred day moving average of $2.99.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Navitas Semiconductor had a negative net margin of 84.61% and a negative return on equity of 23.64%. The business had revenue of $21.68 million during the quarter, compared to the consensus estimate of $21.93 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that Navitas Semiconductor Co. will post -0.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on NVTS shares. Robert W. Baird lowered their target price on Navitas Semiconductor from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Navitas Semiconductor from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and set a $7.50 price target on shares of Navitas Semiconductor in a report on Thursday, October 31st. Finally, Craig Hallum lowered their price target on shares of Navitas Semiconductor from $6.50 to $4.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.75.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, Director Richard J. Hendrix sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $4.54, for a total transaction of $181,600.00. Following the completion of the transaction, the director now directly owns 316,709 shares of the company’s stock, valued at approximately $1,437,858.86. This trade represents a 11.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 31.80% of the company’s stock.

Navitas Semiconductor Company Profile

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.