Stock Traders Purchase Large Volume of Call Options on Navitas Semiconductor (NASDAQ:NVTS)

Navitas Semiconductor Corporation (NASDAQ:NVTS) was the recipient of unusually large options trading on Thursday. Stock investors bought 80,866 call options on the company. This is an increase of 134% compared to the typical volume of 34,538 call options.

Analyst Ratings Changes

NVTS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a report on Thursday, January 22nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Navitas Semiconductor in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.78.

Navitas Semiconductor Stock Up 20.6%

NVTS stock opened at $12.37 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of -21.70 and a beta of 3.15. The business has a 50 day moving average of $9.08 and a 200-day moving average of $9.37. Navitas Semiconductor has a 12-month low of $1.72 and a 12-month high of $17.79.

Navitas Semiconductor (NASDAQ:NVTS) last released its earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). Navitas Semiconductor had a negative return on equity of 14.52% and a negative net margin of 254.71%.The company had revenue of $7.30 million during the quarter, compared to analyst estimates of $6.95 million. During the same period in the prior year, the company posted ($0.06) earnings per share. Navitas Semiconductor’s quarterly revenue was down 59.4% on a year-over-year basis. On average, research analysts expect that Navitas Semiconductor will post -0.51 earnings per share for the current year.

Insiders Place Their Bets

In other Navitas Semiconductor news, CEO Chris Allexandre sold 9,236 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the sale, the chief executive officer directly owned 813,323 shares of the company’s stock, valued at approximately $7,262,974.39. The trade was a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ranbir Singh sold 389,096 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $9.52, for a total value of $3,704,193.92. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 509,016 shares of company stock valued at $4,967,814. Corporate insiders own 29.90% of the company’s stock.

Hedge Funds Weigh In On Navitas Semiconductor

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Navitas Semiconductor by 309.4% in the third quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock valued at $26,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Navitas Semiconductor by 189.8% in the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after purchasing an additional 2,942 shares during the last quarter. CWM LLC lifted its stake in Navitas Semiconductor by 24.7% in the third quarter. CWM LLC now owns 4,515 shares of the company’s stock valued at $33,000 after purchasing an additional 893 shares during the last quarter. GAMMA Investing LLC lifted its stake in Navitas Semiconductor by 116.5% in the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock valued at $34,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Navitas Semiconductor by 1,376.3% in the third quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock valued at $38,000 after purchasing an additional 4,927 shares during the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.