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

Key Points

• On Friday, traders purchased 65,192 call options for Navitas Semiconductor, marking a 19% increase over its average daily volume of 54,605 options.
• Navitas Semiconductor's stock traded at $14.56, with a market capitalization of $3.10 billion and a significant increase in trading volume compared to its average.
• Insider trading activity revealed that Director Brian Long sold 500,000 shares for $3.05 million, while another director, Ranbir Singh, purchased 18.6 million shares for approximately $163.89 million.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) was the target of some unusual options trading on Friday. Traders purchased 65,192 call options on the company. This represents an increase of 19% compared to the average daily volume of 54,605 call options.

Navitas Semiconductor Price Performance

Shares of NASDAQ NVTS traded down $1.07 during mid-day trading on Friday, hitting $14.56. The company had a trading volume of 54,932,244 shares, compared to its average volume of 25,764,590. The company has a market capitalization of $3.10 billion, a PE ratio of -22.22 and a beta of 3.03. Navitas Semiconductor has a 1-year low of $1.52 and a 1-year high of $16.85. The business's 50-day simple moving average is $7.18 and its 200 day simple moving average is $5.61.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $14.49 million for the quarter, compared to analysts' expectations of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The company's revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts expect that Navitas Semiconductor will post -0.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVTS. Weiss Ratings restated a "sell (d-)" rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a research report on Tuesday, August 5th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target for the company. in a research report on Tuesday, August 5th. Finally, Rosenblatt Securities restated a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.65.

Insider Buying and Selling

In other news, Director Brian Long sold 500,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the sale, the director directly owned 1,715,395 shares in the company, valued at $10,481,063.45. This represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ranbir Singh purchased 18,645,603 shares of the company's stock in a transaction dated Monday, July 28th. The stock was bought at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the transaction, the director directly owned 18,645,603 shares of the company's stock, valued at approximately $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 2,705,596 shares of company stock valued at $16,096,333 over the last 90 days. Company insiders own 29.90% of the company's stock.

Institutional Trading of Navitas Semiconductor

Hedge funds have recently modified their holdings of the stock. Castleview Partners LLC acquired a new stake in Navitas Semiconductor in the first quarter valued at $52,000. Teacher Retirement System of Texas acquired a new stake in Navitas Semiconductor in the first quarter valued at $36,000. Larson Financial Group LLC acquired a new stake in Navitas Semiconductor in the first quarter valued at $28,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Navitas Semiconductor in the first quarter valued at $410,000. Finally, Vanguard Group Inc. increased its position in shares of Navitas Semiconductor by 1.3% during the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after purchasing an additional 123,598 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.

About Navitas Semiconductor

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.

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