Navitas Semiconductor Co. (NASDAQ:NVTS – Get Rating) COO Daniel M. Kinzer sold 105,245 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $4.09, for a total value of $430,452.05. Following the completion of the sale, the chief operating officer now owns 885,617 shares of the company’s stock, valued at $3,622,173.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Navitas Semiconductor Price Performance
NVTS opened at $4.65 on Friday. The business’s 50-day moving average is $4.65 and its two-hundred day moving average is $5.27. Navitas Semiconductor Co. has a 1 year low of $3.51 and a 1 year high of $20.10. The firm has a market capitalization of $584.51 million, a PE ratio of -7.75 and a beta of 2.18.
Institutional Investors Weigh In On Navitas Semiconductor
Several institutional investors have recently added to or reduced their stakes in the business. Edge Capital Group LLC purchased a new position in Navitas Semiconductor during the first quarter worth about $1,515,000. Crossmark Global Holdings Inc. purchased a new position in shares of Navitas Semiconductor in the first quarter valued at approximately $362,000. Capricorn Investment Group LLC purchased a new position in shares of Navitas Semiconductor in the second quarter valued at approximately $84,039,000. Teramo Advisors LLC boosted its stake in shares of Navitas Semiconductor by 35.0% in the second quarter. Teramo Advisors LLC now owns 13,500 shares of the company’s stock valued at $52,000 after purchasing an additional 3,500 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Navitas Semiconductor in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 22.70% of the company’s stock.
Analyst Ratings Changes
Navitas Semiconductor Company Profile
Navitas Semiconductor Corporation designs, develops, and markets gallium nitride (GaN) power integrated circuits used in power conversion and charging. It operates in the United States, Ireland, Germany, Italy, Belgium, China, Taiwan, and the Philippines. The company was incorporated in 2013 and is based in El Segundo, California.
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