Navitas Semiconductor Co. (NASDAQ:NVTS – Get Rating) CEO Eugene Sheridan sold 258,808 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $4.38, for a total value of $1,133,579.04. Following the completion of the sale, the chief executive officer now owns 2,477,192 shares in the company, valued at approximately $10,850,100.96. The transaction was disclosed in a filing with the SEC, which is available at this link.
Eugene Sheridan also recently made the following trade(s):
- On Monday, November 21st, Eugene Sheridan sold 263,109 shares of Navitas Semiconductor stock. The stock was sold at an average price of $4.09, for a total value of $1,076,115.81.
Navitas Semiconductor Stock Performance
NASDAQ NVTS opened at $4.65 on Thursday. The business has a fifty day moving average price of $4.67 and a 200 day moving average price of $5.27. Navitas Semiconductor Co. has a one year low of $3.51 and a one year high of $20.10. The company has a market cap of $584.51 million, a P/E ratio of -7.75 and a beta of 2.18.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Needham & Company LLC upped their price objective on Navitas Semiconductor from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Robert W. Baird lowered their price objective on Navitas Semiconductor from $12.00 to $8.00 in a research report on Thursday, November 10th. Rosenblatt Securities decreased their target price on Navitas Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, November 10th. Craig Hallum decreased their target price on Navitas Semiconductor to $6.00 in a research report on Tuesday, November 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Navitas Semiconductor from $7.00 to $6.00 in a research report on Thursday, November 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.17.
About Navitas Semiconductor
Navitas Semiconductor Corporation designs, develops, and markets gallium nitride (GaN) power integrated circuits used in power conversion and charging. It operates in the United States, Ireland, Germany, Italy, Belgium, China, Taiwan, and the Philippines. The company was incorporated in 2013 and is based in El Segundo, California.
- Get a free copy of the StockNews.com research report on Navitas Semiconductor (NVTS)
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