Kovack Advisors Inc. Makes New $102,000 Investment in Navitas Semiconductor Corporation $NVTS

Kovack Advisors Inc. purchased a new position in Navitas Semiconductor Corporation (NASDAQ:NVTS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,565 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of Navitas Semiconductor in the 1st quarter valued at about $36,000. Larson Financial Group LLC bought a new stake in shares of Navitas Semiconductor in the 1st quarter valued at about $28,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Navitas Semiconductor in the first quarter valued at approximately $410,000. Vanguard Group Inc. lifted its position in Navitas Semiconductor by 1.3% in the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company’s stock valued at $20,495,000 after purchasing an additional 123,598 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in Navitas Semiconductor in the first quarter valued at approximately $31,000. 46.14% of the stock is owned by institutional investors.

Navitas Semiconductor Price Performance

Shares of NVTS opened at $12.25 on Tuesday. Navitas Semiconductor Corporation has a one year low of $1.52 and a one year high of $17.79. The company has a 50-day simple moving average of $8.91 and a two-hundred day simple moving average of $6.71. The firm has a market capitalization of $2.61 billion, a PE ratio of -18.85 and a beta of 3.10.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.During the same period last year, the company posted ($0.10) earnings per share. Navitas Semiconductor’s quarterly revenue was down 53.4% compared to the same quarter last year. Navitas Semiconductor has set its Q4 2025 guidance at EPS. Analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on NVTS shares. Craig Hallum downgraded Navitas Semiconductor from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Tuesday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of Navitas Semiconductor to a “hold” rating in a research note on Tuesday, October 28th. Finally, Rosenblatt Securities downgraded shares of Navitas Semiconductor from a “buy” rating to a “neutral” rating and upped their price objective for the company from $4.00 to $12.00 in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.32.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, Director Brian Long sold 750,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total value of $4,380,000.00. Following the completion of the transaction, the director owned 2,670,991 shares in the company, valued at approximately $15,598,587.44. This represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,705,596 shares of company stock valued at $16,096,333 in the last ninety days. 29.90% of the stock is currently owned by corporate insiders.

About Navitas Semiconductor

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.