155,000 Shares in Navitas Semiconductor Co. (NASDAQ:NVTS) Bought by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV acquired a new position in shares of Navitas Semiconductor Co. (NASDAQ:NVTS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 155,000 shares of the company’s stock, valued at approximately $553,000. Compass Capital Corp MA ADV owned about 0.08% of Navitas Semiconductor as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. 180 Wealth Advisors LLC raised its holdings in Navitas Semiconductor by 15.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 90,682 shares of the company’s stock worth $324,000 after purchasing an additional 12,027 shares during the last quarter. Signature Wealth Management Partners LLC acquired a new position in Navitas Semiconductor during the fourth quarter worth $51,000. Benjamin Edwards Inc. purchased a new position in Navitas Semiconductor during the third quarter worth $36,000. Bleakley Financial Group LLC purchased a new position in Navitas Semiconductor during the third quarter worth $41,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Navitas Semiconductor by 9.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 211,141 shares of the company’s stock worth $517,000 after buying an additional 17,390 shares in the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Navitas Semiconductor

In related news, Director Richard J. Hendrix sold 80,000 shares of Navitas Semiconductor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $4.04, for a total value of $323,200.00. Following the transaction, the director now owns 356,709 shares in the company, valued at approximately $1,441,104.36. This trade represents a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NVTS shares. Rosenblatt Securities reissued a “buy” rating and set a $5.00 price target on shares of Navitas Semiconductor in a research report on Thursday. Craig Hallum dropped their price target on Navitas Semiconductor from $6.50 to $4.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird dropped their price target on Navitas Semiconductor from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Navitas Semiconductor from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.39.

Navitas Semiconductor Stock Down 1.2 %

Shares of NASDAQ:NVTS opened at $3.40 on Friday. Navitas Semiconductor Co. has a 52 week low of $1.75 and a 52 week high of $7.40. The business has a fifty day simple moving average of $3.34 and a 200-day simple moving average of $2.89.

Navitas Semiconductor 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.