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

Navitas Semiconductor Corporation (NASDAQ:NVTS) was the target of some unusual options trading on Thursday. Stock investors purchased 80,866 call options on the stock. This is an increase of approximately 134% compared to the average daily volume of 34,538 call options.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Rosenblatt Securities restated a “neutral” rating and issued a $7.00 price target on shares of Navitas Semiconductor in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Navitas Semiconductor has a consensus rating of “Hold” and a consensus price target of $6.78.

Navitas Semiconductor Trading Up 16.0%

NASDAQ:NVTS traded up $1.64 during trading hours on Thursday, hitting $11.90. 29,250,490 shares of the stock were exchanged, compared to its average volume of 22,694,227. Navitas Semiconductor has a 52-week low of $1.72 and a 52-week high of $17.79. The firm’s fifty day moving average price is $8.98 and its 200 day moving average price is $9.34. The company has a market cap of $2.75 billion, a P/E ratio of -20.77 and a beta of 3.15.

Navitas Semiconductor (NASDAQ:NVTS) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($0.05) EPS for the quarter, hitting 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 previous year, the business earned ($0.06) EPS. Navitas Semiconductor’s quarterly revenue was down 59.4% on a year-over-year basis. Equities analysts expect that Navitas Semiconductor will post -0.51 EPS for the current fiscal year.

Insider Activity

In related news, CFO Todd Glickman sold 98,152 shares of Navitas Semiconductor stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $10.78, for a total value of $1,058,078.56. Following the completion of the transaction, the chief financial officer owned 735,231 shares in the company, valued at $7,925,790.18. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Allexandre sold 9,236 shares of Navitas Semiconductor stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total value of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares of the company’s stock, valued at approximately $7,262,974.39. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 509,016 shares of company stock valued at $4,967,814 in the last quarter. 29.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Navitas Semiconductor

Large investors have recently bought and sold shares of the company. Allworth Financial LP increased its stake in Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after buying an additional 2,698 shares in the last quarter. NewEdge Advisors LLC increased its stake in Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock worth $29,000 after buying an additional 2,942 shares in the last quarter. CWM LLC increased its stake in Navitas Semiconductor by 24.7% during the 3rd quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after buying an additional 893 shares in the last quarter. GAMMA Investing LLC increased its stake in Navitas Semiconductor by 116.5% during the 4th quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after buying an additional 2,548 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Navitas Semiconductor by 1,376.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock worth $38,000 after buying an additional 4,927 shares in the last quarter. 46.14% of the stock is currently owned by hedge funds and other institutional investors.

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.