Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 67,762 Navitas Semiconductor Corporation $NVTS

Market Beat
2026.05.13 09:00
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Mitsubishi UFJ Asset Management Co. Ltd. acquired 67,762 shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) in Q4, valued at approximately $484,000, as per their Form 13F filing. Other institutional investors have also increased their stakes in Navitas. The stock has seen various analyst ratings, with a consensus rating of "Hold" and a target price of $12.87. Navitas reported a quarterly EPS of ($0.04), beating estimates, but revenue declined 38.7% year-over-year. CFO Todd Glickman sold 98,152 shares recently, reducing his position by 11.78%.