TLDR
- NVTS stock jumped ~25% on March 12, 2026, after two major catalysts hit on the same day
- Navitas named Tonya Stevens as new CFO, effective March 30, replacing Todd Glickman
- The company launched two new 5th-generation GeneSiC packages targeting AI data centers and high-power markets
- Options activity surged 138% above average, with 82,851 call options purchased in one session
- Despite the rally, analysts hold an average “Reduce” rating with a $6.78 price target
Navitas Semiconductor (NVTS) had a day to remember on March 12, 2026. The stock surged roughly 25% intraday, fueled by a CFO appointment and a new product launch landing on the same morning.
Navitas Semiconductor Corporation, NVTS
The company announced Tonya Stevens as its incoming Chief Financial Officer and Treasurer. She takes over on March 30, 2026, succeeding Todd Glickman after a handover period.
Stevens comes from Lattice Semiconductor, where she was chief accounting officer and interim CFO. She also has background at Intel and PricewaterhouseCoopers, bringing over 30 years of finance experience to the role.
Her pay package includes a $425,000 base salary, performance bonus eligibility, and time-based equity awards. The structure is designed to tie her incentives to long-term company performance.
The hire is part of Navitas’ ongoing “Navitas 2.0” strategy — a push toward higher-power markets like AI data centers and energy infrastructure, moving away from the consumer electronics segment that weighed on recent results.
On the same day, Navitas unveiled two new 5th-generation GeneSiC packages: a top-side cooled QDPAK and a low-profile TO-247-4L. Both target high-power applications including AI data centers, grid infrastructure, and industrial electrification.
Options Market Lights Up
The dual catalyst triggered a wave of bullish options activity. Traders bought 82,851 call options on Thursday — a 138% jump over the average daily call volume of 34,838.
That level of options flow often points to speculative positioning. It can also accelerate intraday moves as market makers hedge their exposure.
The stock opened at $10.84 on Thursday. Its 52-week range runs from $1.52 to $17.79, giving some context for just how volatile NVTS can be.
Analyst Caution Remains
Despite the rally, Wall Street isn’t exactly rushing to upgrade the stock. The average analyst rating sits at “Reduce” with a consensus price target of $6.78.
Rosenblatt Securities cut its target from $8.00 to $7.00 in late February, assigning a neutral rating. Weiss Ratings held a “sell” rating as of January. Out of eight analysts tracked, only one has a Buy rating.
The company’s fundamentals also give reason for pause. Q4 revenue came in at $7.3 million — down 59.4% year-over-year. The net margin sits at -254.71% and return on equity is -14.52%.
EPS for the quarter came in at -$0.05, matching estimates. Analysts currently forecast -$0.51 EPS for the full fiscal year.
Insider activity has also been on the sell side. Over the last 90 days, insiders offloaded around 1.78 million shares worth roughly $15.3 million. That includes CEO Chris Allexandre, who sold 9,236 shares on March 3 at $8.93 each.
Institutional investors own 46.14% of the stock. Several smaller funds added to positions in recent quarters, though in relatively modest amounts.
Navitas holds a market cap of approximately $2.5 billion and a beta of 3.16, reflecting its history of sharp moves in both directions.
The stock’s 50-day moving average stood at $9.18 and 200-day at $8.80 heading into Thursday’s session.
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