- Credit Suisse AG has increased its stake by 71.6%
- Investors will closely monitor the company’s stock price
Landscape Capital Management has recently signed an acquisition with Navitas Semiconductor.
A U.S. Securities and Exchange Commission (SEC) report says that Landscape Capital Management has acquired 99,764 shares of Navitas Semiconductor. Navitas specialises in semiconductor solutions for power management applications. The company’s market capitalisation stands at $1.33 billion, and it currently holds a price-to-earnings ratio of -7.38 and a beta value of 2.37.
The stock performance can be calculated by seeing its movement over different timeframes. Navitas has marked significant fluctuation around its average volume of 1,949,577 shares traded. The company has also maintained a stable share value within a relatively narrow range over the past 50 days, with an average price of $9.66 per share, as recorded by its 50-day moving average indicator.
During one year, Navitas showcased significant changes in its stock performance. Its highest point was $11.16 per share, and its lowest at $3.11 per share. This moderation can benefit investors to realise substantial gains or losses depending on their timing in buying or selling shares.
Investors will closely monitor the company’s stock price and financial performance to assess prospects as it operates within the semiconductor industry.
According to a news, several institutional investors and hedge funds have changed their stock with Navitas Semiconductor. Spouting Rock Asset Management LLC has acquired a new stake in the company, valued at $87,000; Credit Suisse AG has increased its stake by 71.6% and now owns 88,023 shares worth $643,000. Pictet Asset Management SA also purchased a new stake in Navitas Semiconductor worth approximately $83,000. Swiss National Bank saw a boost in its position with the company, owning 215,200 shares valued at $1,573,000 after acquiring an additional 51,500 shares. Finally, California State Teachers Retirement System increased its position by 48.8%, now owning 87,618 shares worth $640,000.
