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Ranbir Singh, a director at Navitas Semiconductor Corp (NASDAQ:NVTS), recently sold 21,782 shares of the company’s Class A common stock. The timing of this sale comes as the stock has shown remarkable strength, posting a 113% return over the past six months and currently trading near its 52-week high of $9.17. The shares were sold at a weighted-average price of $8.5295, with prices ranging from $8.50 to $8.57. The total value of the transaction amounted to $185,789. Following this sale, Singh retains indirect ownership of 19,192,271 shares through SiCPower, LLC. Singh, as the sole manager of SiCPower, LLC, is considered to have beneficial ownership of these shares. According to InvestingPro analysis, Navitas currently appears overvalued relative to its Fair Value, with the stock showing high price volatility. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Navitas Semiconductor reported its first-quarter 2025 earnings, meeting market expectations with a loss per share of $0.06 and revenue of $14 million. These results align with analyst forecasts, demonstrating the company’s ability to navigate challenging market conditions. Navitas is collaborating with NVIDIA (NASDAQ:NVDA) to develop an advanced 800V high-voltage direct current architecture for AI data centers, a move that could significantly enhance energy efficiency and reduce costs. The company also appointed Cristiano Amoruso to its board of directors, bringing expertise from his previous roles at Suniva, Inc. and Lion Point Capital, L.P.
In other developments, Needham adjusted Navitas Semiconductor’s price target from $4.00 to $3.00 while maintaining a Buy rating. This revision reflects concerns about tariff volatility and a postponed solar opportunity, despite strong recent earnings. Navitas is managing risks related to tariffs, particularly in its Silicon Carbide segment, which could impact revenue if trade tensions escalate. The company holds a strong cash position with $75 million in cash and no debt, providing a stable financial foundation.
Navitas continues to focus on technological advancements, including the first production release of a bidirectional GaN IC, which could generate significant revenue by 2026. The company anticipates growth in late 2025, driven by increasing demand in solar and electric vehicle applications. These strategic moves and innovations position Navitas as a key player in the evolving semiconductor industry.
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