Navitas Semiconductor: BNY Mellon builds position by 21.8% - Börse Express
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Navitas Semiconductor stock continues its recent upward trend this Friday. With an increase of 7.21%, the stock is currently trading at €11.90, further extending the positive trend of recent days. Within the last seven days alone, the stock has recorded a price gain of 26.60%. This development is taking place against the backdrop of increasing attention from institutional investors and important technological milestones. A significant factor for the increased interest is likely the positioning of prominent investors. As announced yesterday, Bank of New York Mellon Corp significantly expanded its stake in the semiconductor specialist already in the first quarter. The bank increased its position by 21.8% to a total of 566,465 shares. The volume of this stake amounted to approximately 4.97 million US dollars at the time of reporting. Such a step is often regarded by market participants as a signal of long-term confidence in the company's technological foundation. In parallel, Navitas is advancing its technological reach through collaborations. At the end of July, a strategic partnership with Magnachip Semiconductor was agreed upon. Under this agreement, Magnachip licenses Navitas' GeneSiC Trench-Assisted Planar (TAP) technology. The goal is the joint development of markets for high-voltage silicon carbide (SiC) in the 1200 V, 2300 V, and 3300 V ranges. Already in June, Navitas...
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