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Gary Kent Wunderlich Jr., a director at Navitas Semiconductor Corp (NASDAQ:NVTS), has recently sold shares in the company amounting to $754,492. The transactions, reported for May 23 and May 27, involved the sale of a total of 161,989 shares of Class A Common Stock. The sale prices ranged from $4.57 to $4.66 per share. The timing is notable as the stock has shown strong momentum, with a 96% return over the past six months and current trading at $5.39. According to InvestingPro analysis, the stock appears overvalued at current levels.
The shares were sold through various ownership structures, including Trust A, Trust B, and an individual retirement account. Following these transactions, Wunderlich continues to hold shares in separate trusts for the benefit of his immediate family members, as well as directly held shares and unvested restricted stock units. The company maintains strong financial health with a current ratio of 5.61 and more cash than debt on its balance sheet. InvestingPro subscribers have access to 13 additional key insights and comprehensive analysis of NVTS’s financial position.
In other recent news, Navitas Semiconductor reported its first-quarter 2025 earnings, with results aligning with market expectations. The company recorded a loss per share of $0.06 and achieved revenue of $14 million, both matching analyst forecasts. Navitas also announced a significant collaboration with NVIDIA (NASDAQ:NVDA) to develop an 800V high-voltage direct current architecture for AI data centers, aiming to enhance energy efficiency and reduce costs. Additionally, Navitas appointed Cristiano Amoruso to its board of directors, bringing experience from his previous roles at Suniva, Inc. and Lion Point Capital, L.P.
Needham reduced Navitas Semiconductor’s price target to $3.00 from $4.00, while maintaining a Buy rating, citing concerns about tariff volatility and a postponed solar opportunity. The firm noted that the immediate tariff impact is confined to the Silicon Carbide segment, with broader implications possible if disputes escalate. Despite these challenges, Navitas continues to focus on its GaN and silicon carbide technologies, which position the company well for future growth in sectors such as data centers and electric vehicles.
Navitas has also made strides with its GaNFast and GeneSiC technologies, recently launching innovations like the industry’s first bidirectional GaN IC. The company anticipates growth in late 2025, driven by increased demand in solar and EV applications. With a strong pipeline of design wins, Navitas is targeting EBITDA breakeven by 2026, reflecting confidence in its strategic direction and technological advancements.
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