
Navitas Semiconductor (NASDAQ:NVTS) Trading Down 6% on Insider Selling

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Navitas Semiconductor (NASDAQ:NVTS) shares fell 6% following insider selling, with significant transactions by directors and the CEO. Director Gary Kent Wunderlich, Jr. sold 156,789 shares at $4.66, while Director David Moxam sold 714,199 shares at $6.50. CEO Eugene Sheridan sold 2,155,783 shares at $4.49. Analysts have mixed ratings, with price targets ranging from $1.50 to $6.00. The company reported a quarterly EPS of ($0.06) and a revenue of $14.02 million, down 39.7% year-over-year. Institutional investors have increased their holdings in the company recently.
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