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

Navitas Semiconductor Corporation (NASDAQ:NVTS) saw unusually large options trading on Wednesday. Traders acquired 103,056 call options on the company. This is an increase of 64% compared to the average daily volume of 62,704 call options.

Navitas Semiconductor Trading Down 14.6%

Shares of NVTS stock traded down $3.13 during mid-day trading on Wednesday, reaching $18.27. The stock had a trading volume of 28,690,082 shares, compared to its average volume of 28,844,834. Navitas Semiconductor has a 12-month low of $5.44 and a 12-month high of $34.17. The company has a market cap of $4.27 billion, a P/E ratio of -28.82 and a beta of 3.75. The business has a 50-day simple moving average of $21.01 and a 200 day simple moving average of $13.19.

Navitas Semiconductor (NASDAQ:NVTS) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $8.60 million for the quarter, compared to analyst estimates of $8.22 million. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The business’s revenue for the quarter was down 38.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) EPS. Research analysts anticipate that Navitas Semiconductor will post -0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

NVTS has been the topic of several recent analyst reports. Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Needham & Company LLC lifted their price target on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “underweight” rating and set a $13.70 price objective on shares of Navitas Semiconductor in a report on Wednesday, May 6th. Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Finally, Robert W. Baird raised their target price on Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.74.

Insider Buying and Selling

In other news, Director Richard J. Hendrix sold 110,165 shares of Navitas Semiconductor stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.96, for a total value of $3,190,378.40. Following the sale, the director owned 101,709 shares of the company’s stock, valued at $2,945,492.64. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Kent Wunderlich, Jr. sold 35,165 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.14, for a total transaction of $989,543.10. Following the transaction, the director owned 2,375,060 shares in the company, valued at approximately $66,834,188.40. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,989,478 shares of company stock valued at $116,356,387 over the last 90 days. Insiders own 12.40% of the company’s stock.

Institutional Trading of Navitas Semiconductor

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its stake in shares of Navitas Semiconductor by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company’s stock worth $370,000 after purchasing an additional 1,150 shares during the period. Russell Investments Group Ltd. increased its stake in Navitas Semiconductor by 12.6% in the fourth quarter. Russell Investments Group Ltd. now owns 13,476 shares of the company’s stock valued at $96,000 after purchasing an additional 1,505 shares during the last quarter. Captrust Financial Advisors increased its stake in Navitas Semiconductor by 3.8% in the second quarter. Captrust Financial Advisors now owns 45,758 shares of the company’s stock valued at $300,000 after purchasing an additional 1,667 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in Navitas Semiconductor by 16.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,996 shares of the company’s stock worth $86,000 after buying an additional 1,725 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Navitas Semiconductor by 3.9% during the fourth quarter. Osaic Holdings Inc. now owns 46,304 shares of the company’s stock worth $331,000 after buying an additional 1,743 shares during the period. 46.14% of the stock is currently owned by institutional investors and hedge funds.

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.