Gold prices edge higher on raised Fed rate cut hopes
In a recent transaction, Todd Glickman, the Senior Vice President, Chief Financial Officer, and Treasurer of Navitas Semiconductor Corp (NASDAQ:NVTS), a $1.4 billion market cap company, sold 100,000 shares of the company’s Class A common stock. The company, which maintains a strong balance sheet with more cash than debt, has seen its stock surge over 112% in the past six months. The shares were sold at a weighted-average price of $8.0012, resulting in a total transaction value of $800,120. After the sale, Glickman retains ownership of 134,501 shares in the company.
The sale was executed on June 12, 2025, and was part of multiple trades with prices ranging from $8.0000 to $8.0150. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Navitas Semiconductor reported its first-quarter 2025 earnings, which aligned with market expectations. The company recorded a loss per share of $0.06 and revenue of $14 million, both meeting analyst forecasts. In a significant development, Navitas announced 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 energy loss. This collaboration leverages Navitas’ GaNFast and GeneSiC technologies and positions the company as a key player in next-generation data center power solutions.
Additionally, Navitas Semiconductor appointed Cristiano Amoruso to its board of directors, bringing experience from the solar photovoltaic semiconductor industry and capital markets. Meanwhile, Needham adjusted its price target for Navitas to $3.00 from $4.00, maintaining a Buy rating due to concerns about tariff volatility and a postponed solar opportunity. The firm cited the potential impact of tariffs on Navitas’ Silicon Carbide segment, while emphasizing the company’s strategic advantages in the U.S. market.
Despite these challenges, Navitas continues to focus on growth in the solar and electric vehicle sectors, anticipating a resurgence in demand later in 2025. The company’s strong design wins and technological advancements are expected to drive future growth, with Navitas targeting EBITDA breakeven by 2026.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.