It would be surprising if Navitas Semiconductor Corporation (NASDAQ:NVTS) shareholders weren’t aware that Independent Director David Moxham recently sold $103k worth of stock at $3.13 per share, representing 20% of his holding and certainly raising eyebrows.
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Navitas Semiconductor insider transactions over the past year
In the last 12 months, the largest single sale by an insider was when insider Ronald Shelton sold US$332k worth of shares at US$8.31 per share. While insider selling is a negative, to us it’s even more negative when shares are sold at a lower price. The good news is that this large sale occurred at a price well above the current price of US$3.12, therefore it’s difficult to draw any firm conclusions from this sale.
Navitas Semiconductor insiders haven’t been buying shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year: If you want to see exactly who sold, for how much, and when, you can click on the chart below.
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Insider Ownership
Looking at insider shareholdings in a company can help give us an idea of whether their holdings are well-aligned with those of public shareholders. We think it’s a good sign when insiders own a significant number of shares. Navitas Semiconductor insiders own about US$107m worth of shares (19% of the company). Such significant insider holdings generally increase the likelihood that a company will be run in the interest of all shareholders.
So what does Navitas Semiconductor’s insider trading indicate?
Insiders have sold shares recently, but not bought any. Looking back over the last 12 months, our data doesn’t show any insider buying. While insiders certainly own a significant number of shares in the company (which is good), analyzing their transactions doesn’t make us confident about the company. While it’s good to know what’s going on with insider ownership and transactions, we also make sure to consider the risks facing a stock before making any investment decisions. As an example, we’ve discovered 4 warning signs for Navitas Semiconductor you should be aware of, and 1 of them can’t be ignored.
Of course, you may find great investments by looking elsewhere, so take a peek at this free list of interesting companies.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory bodies. Currently, we count only open market transactions and private dispositions of direct interests, not derivative transactions or indirect interests.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell a stock, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
