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Gary Kent Wunderlich Jr., a director at Navitas Semiconductor Corp (NASDAQ:NVTS), reported the sale of 109,399 shares of Class A Common Stock on June 9, 2025. The stock, which has surged nearly 119% year-to-date and currently trades at $7.81, has shown significant momentum according to InvestingPro data. The shares were sold in multiple transactions at prices ranging from $7.2539 to $7.36 per share, totaling approximately $799,547.
Following these transactions, Wunderlich directly owns 288,435 shares of Navitas Semiconductor. Additionally, he holds 1,263,000 shares indirectly through Live Oak Sponsor Partners II, LLC, where he serves as a managing member. Some shares were also held in trust for the benefit of his immediate family member.
In other recent news, Navitas Semiconductor has made headlines with its first-quarter 2025 earnings report, which met market expectations. The company reported a loss per share of $0.06 and revenue of $14 million, both aligning with analyst forecasts. Additionally, Navitas has entered into a collaboration with NVIDIA (NASDAQ:NVDA) to develop an advanced 800V high-voltage direct current architecture for AI data centers, aiming to enhance power efficiency and reduce maintenance costs. Furthermore, Navitas announced the appointment of Cristiano Amoruso to its board of directors, bringing his experience to help drive growth in sectors like data centers and electric vehicles.
On the analyst front, Needham has adjusted its price target for Navitas Semiconductor from $4.00 to $3.00, while maintaining a Buy rating. This decision comes in light of tariff volatility concerns and a postponed solar opportunity affecting growth projections. Despite these challenges, the firm’s revenue estimate for calendar year 2026 stands at $95 million. Navitas continues to innovate, launching the industry’s first bidirectional GaN IC and receiving automotive qualification for its GaN Safe technology.
The company is also navigating tariff risks, particularly in its Silicon Carbide segment, which could impact international sales. However, Navitas remains optimistic about future growth, with expectations of increased demand in solar and EV applications by late 2025. These developments position Navitas as a significant player in next-generation power semiconductors, with a strong pipeline of design wins and technological advancements.
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