Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Richard J. Hendrix, a director at Navitas Semiconductor Corp (NASDAQ:NVTS), recently sold 50,000 shares of Class A common stock, according to a filing with the Securities and Exchange Commission. The transaction comes as the stock has shown significant momentum, with an 18.63% return over the past week and the company maintaining a strong liquidity position with a current ratio of 5.61. The shares were sold at a price of $6.33 each, totaling $316,500. Following this transaction, Hendrix holds 104,792 shares indirectly through RJH Management Co., LLC. Additionally, he has indirect ownership of 1,263,000 shares via Live Oak Sponsor Partners II, LLC, and direct ownership of 90,456 shares. InvestingPro analysis shows the $1.16B market cap company holds more cash than debt on its balance sheet, though it remains unprofitable over the last twelve months. For deeper insights into insider trading patterns and 12+ additional ProTips, explore the comprehensive 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. The company is navigating a challenging market environment with inventory corrections in key sectors, yet it maintains a strategic focus on GaN and silicon carbide technologies. Navitas has announced a collaboration with NVIDIA (NASDAQ:NVDA) to develop an advanced 800V high-voltage direct current architecture for AI data centers, which could significantly enhance energy efficiency. This partnership leverages Navitas’ GaNFast and GeneSiC technologies, positioning the company as a key player in next-generation data center power solutions.
In corporate developments, Navitas appointed Cristiano Amoruso to its board of directors, bringing valuable experience from the solar and investment sectors. Needham recently adjusted Navitas’ stock price target to $3.00 from $4.00, while maintaining a Buy rating, citing concerns about tariff volatility and a postponed solar opportunity. Despite these challenges, Navitas continues to innovate, having launched the industry’s first bidirectional GaN IC and secured significant design wins across various markets. As the company anticipates growth in late 2025, driven by solar and EV applications, it remains focused on achieving EBITDA breakeven by 2026.
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