Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Navitas Semiconductor Corporation $NVTS

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Navitas Semiconductor Corporation (NASDAQ:NVTS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,762 shares of the company’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC grew its stake in Navitas Semiconductor by 24.7% during the third quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after purchasing an additional 893 shares during the period. Prospera Financial Services Inc lifted its stake in Navitas Semiconductor by 3.8% in the third quarter. Prospera Financial Services Inc now owns 30,285 shares of the company’s stock valued at $219,000 after buying an additional 1,120 shares during the period. Captrust Financial Advisors lifted its stake 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 period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Navitas Semiconductor by 16.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,996 shares of the company’s stock worth $86,000 after buying an additional 1,725 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Navitas Semiconductor by 116.5% during the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after buying an additional 2,548 shares during the period. Institutional investors own 46.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVTS. Morgan Stanley reiterated an “underweight” rating and issued a $13.70 price objective on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Robert W. Baird upped their price objective on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Needham & Company LLC raised their target price on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Navitas Semiconductor presently has an average rating of “Hold” and an average target price of $12.87.

Navitas Semiconductor Price Performance

Shares of NASDAQ NVTS opened at $19.25 on Wednesday. The company has a 50-day moving average price of $11.74 and a 200-day moving average price of $10.06. The stock has a market capitalization of $4.44 billion, a P/E ratio of -30.56 and a beta of 3.62. Navitas Semiconductor Corporation has a 1 year low of $1.88 and a 1 year high of $23.82.

Navitas Semiconductor (NASDAQ:NVTS) last posted its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $8.60 million for the quarter, compared to analyst estimates of $8.22 million. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The firm’s revenue was down 38.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) EPS. As a group, equities research analysts anticipate that Navitas Semiconductor Corporation will post -0.26 earnings per share for the current fiscal year.

Insider Transactions at Navitas Semiconductor

In related news, Director Ranbir Singh sold 389,096 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $9.52, for a total transaction of $3,704,193.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd Glickman sold 98,152 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the sale, the chief financial officer directly owned 735,231 shares of the company’s stock, valued at $7,925,790.18. The trade was a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 509,016 shares of company stock valued at $4,967,814 over the last ninety days. 29.90% of the stock is currently owned by insiders.

About Navitas Semiconductor

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.