navitas semiconductor enables new classes of high frequency, high efficiency & high density power electronics by introducing the world’s first and fastest allgan™ power ics. headquartered in el segundo, california, usa with a highly successful and proven team of power semiconductor professionals, navitas has over 150 years of combined experience and more than 100 patents to date, and is dedicated to delivering significant end-customer value. navitas gan patents in core device, circuit, packaging and system technology complement extensive trade secrets, access to over $100m of r&d equipment, and ongoing r&d collaboration with the hughes research lab (hrl) for future power gan generations.
Company profile
Ticker
NVTS
Exchange
Website
CEO
Eugene A. Sheridan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Live Oak Acquisition Corp II
SEC CIK
Corporate docs
Subsidiaries
Navitas Semiconductor Limited • Navitas Semiconductor Ireland, LLC • GeneSiC Semiconductor LLC • Navitas Semiconductor USA, Inc. ...
IRS number
852560226
NVTS stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
7 Mar 24
RW
Registration withdrawal request
7 Mar 24
10-K
2023 FY
Annual report
6 Mar 24
S-8
Registration of securities for employees
5 Mar 24
NT 10-K
Notice of late annual filing
1 Mar 24
8-K
Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results
29 Feb 24
8-K
Navitas Semiconductor Names Janet Chou Chief Financial Officer
10 Jan 24
8-K
Departure of Directors or Certain Officers
3 Jan 24
EFFECT
Notice of effectiveness
20 Dec 23
POS AM
Prospectus update (post-effective amendment)
18 Dec 23
Transcripts
NVTS
Earnings call transcript
2023 Q3
9 Nov 23
NVTS
Earnings call transcript
2023 Q2
14 Aug 23
NVTS
Earnings call transcript
2023 Q1
15 May 23
NVTS
Earnings call transcript
2022 Q4
23 Feb 23
NVTS
Earnings call transcript
2022 Q3
10 Nov 22
NVTS
Earnings call transcript
2022 Q2
16 Aug 22
NVTS
Earnings call transcript
2022 Q1
13 May 22
NVTS
Earnings call transcript
2021 Q4
16 Feb 22
NVTS
Earnings call transcript
2021 Q3
9 Nov 21
Latest ownership filings
144
Notice of proposed sale of securities
3 Apr 24
4
Ranbir Singh
15 Mar 24
4
Daniel M. Kinzer
15 Mar 24
4
Eugene Sheridan
15 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
3
Janet Chou
7 Mar 24
4
RON SHELTON
15 Dec 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
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Operating income | ||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 176.70 mm | 176.70 mm | 176.70 mm | 176.70 mm | 176.70 mm | 176.70 mm |
Cash burn (monthly) | 350.00 k | (no burn) | 9.55 mm | 15.06 mm | 81.33 k | 2.20 mm |
Cash used (since last report) | 2.33 mm | n/a | 63.68 mm | 100.47 mm | 542.42 k | 14.67 mm |
Cash remaining | 174.36 mm | n/a | 113.02 mm | 76.23 mm | 176.16 mm | 162.02 mm |
Runway (months of cash) | 498.2 | n/a | 11.8 | 5.1 | 2165.8 | 73.6 |
Institutional ownership, Q3 2023
59.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 161 |
Opened positions | 33 |
Closed positions | 17 |
Increased positions | 71 |
Reduced positions | 27 |
13F shares | Current |
---|---|
Total value | 499.97 bn |
Total shares | 106.97 mm |
Total puts | 466.50 k |
Total calls | 540.10 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Singh Ranbir | 24.88 mm | $161.49 mm |
Capricorn Investment | 9.62 mm | $66.84 bn |
Vanguard | 8.57 mm | $59.58 bn |
BLK Blackrock | 8.10 mm | $56.27 bn |
STT State Street | 6.98 mm | $48.50 bn |
Millennium Management | 6.90 mm | $47.93 bn |
Live Oak Sponsor Partners II | 6.32 mm | $0.00 |
Bamco | 3.34 mm | $23.19 bn |
Geode Capital Management | 2.48 mm | $17.24 bn |
Voloridge Investment Management | 1.61 mm | $11.17 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 24 | Singh Ranbir | Class A Common Stock | Sell | Dispose S | No | Yes | 4.801 | 10,925 | 52.45 k | 29,357 |
14 Mar 24 | Daniel M. Kinzer | Class A Common Stock | Sell | Dispose S | No | Yes | 4.801 | 24,073 | 115.57 k | 4,538,353 |
14 Mar 24 | Eugene Sheridan | Class A Common Stock | Sell | Dispose S | No | Yes | 4.801 | 38,431 | 184.51 k | 3,061,631 |
13 Mar 24 | Singh Ranbir | Class A Common Stock | Grant | Acquire A | No | No | 0 | 37,530 | 0.00 | 40,282 |
13 Mar 24 | Daniel M. Kinzer | Class A Common Stock | Grant | Acquire A | No | No | 0 | 60,404 | 0.00 | 4,562,426 |
13 Mar 24 | Eugene Sheridan | Class A Common Stock | Grant | Acquire A | No | No | 0 | 98,435 | 0.00 | 3,100,062 |
15 Dec 23 | Shelton Ron | Class A Common Stock | Sell | Dispose S | No | No | 8.1101 | 10,000 | 81.10 k | 306,668 |
News
Rosenblatt Reiterates Buy on Navitas Semiconductor, Maintains $12 Price Target
12 Mar 24
Navitas GaN and SiC Technologies Announce Thier AI Data Center Technology Roadmap For To Up To 3X Power Increase To Support Similar Exponential Growth In Ai Power Demands Expected In Just The Next 12-18 Months
11 Mar 24
Rosenblatt Reiterates Buy on Navitas Semiconductor, Maintains $12 Price Target
1 Mar 24
Why NetApp Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket
1 Mar 24
12 Information Technology Stocks Moving In Friday's Pre-Market Session
1 Mar 24
Press releases
Navitas Delivers Grid-Connected Energy with 3.3 kV SiC and Bi-directional GaN ICs at PE International 2024
27 Mar 24
Navitas "Electrify Our World™" at Asia's Premier Charging Expo
13 Mar 24
Navitas GaN and SiC Technologies to Enable Next-Gen AI Power Delivery
11 Mar 24
Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results
29 Feb 24
Navitas Powers Samsung Galaxy S24 with Integrated AI
21 Feb 24