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Navitas Semiconductor Corp (NASDAQ:NVTS), currently valued at $1.53 billion, saw significant share sales by Ranbir Singh, a director and 10% owner, through SiCPower, LLC. On June 9, 2025, a total of 2,339,042 shares of Class A Common Stock were sold at prices ranging from $7.3474 to $7.7973 per share. The total transaction value amounted to approximately $17.38 million. According to InvestingPro data, the stock has shown remarkable momentum with a 95% gain over the past six months, though technical indicators suggest it may be overbought.
The sales were executed in two separate transactions. The first involved 1,900,000 shares sold at a weighted-average price of $7.3474. The second transaction included 439,042 shares sold at a weighted-average price of $7.7973. Following these transactions, SiCPower, LLC holds 20,051,000 shares directly, which are beneficially owned by Singh, who serves as the sole manager of the entity. Singh disclaims beneficial ownership of the shares for purposes of Rule 16a-1(a)(2) under Section 16 of the Exchange Act. For deeper insights into insider trading patterns and comprehensive financial analysis, including 14 additional ProTips, check out the detailed research report available on InvestingPro.
In other recent news, Navitas Semiconductor reported its first-quarter 2025 earnings, aligning with market expectations. The company recorded a loss per share of $0.06 and achieved revenue of $14 million, both matching analyst forecasts. Additionally, Navitas announced a significant collaboration with NVIDIA (NASDAQ:NVDA) to develop an advanced 800V high-voltage direct current architecture for AI data centers, leveraging its GaNFast and GeneSiC technologies. This partnership aims to improve energy efficiency and reduce copper usage in data centers. Furthermore, Navitas appointed Cristiano Amoruso as a new board member, bringing his experience from Suniva, Inc. and Lion Point Capital to support the company’s growth in sectors like data centers and electric vehicles.
In analyst updates, Needham reduced Navitas’ price target from $4.00 to $3.00 while maintaining a Buy rating, citing concerns about tariff volatility and a postponed solar opportunity. Despite these challenges, Navitas continues to focus on its strategic initiatives, including innovations in GaN and silicon carbide technologies. The company anticipates growth in late 2025, driven by demand in solar and EV applications. Navitas also maintains a strong cash position with $75 million in cash and no debt, providing a solid foundation for future developments.
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