So, you're looking at your screen on Thursday and see Navitas Semiconductor Corp (NVTS) shares up 13%. The Nasdaq is up 0.35%, the S&P 500 has gained 0.06%, but Navitas is really moving. What's going on? Well, it turns out the company just added some serious semiconductor muscle to its board.
The company announced the appointment of Gregory Fischer to its Board of Directors on Monday. Fischer brings over 40 years of industry experience. He previously served as Senior Vice President at Broadcom Inc. (AVGO). That's not just a resume line—that's decades of navigating the chip world's ups and downs.
Chairman Richard Hendrix noted Fischer joins at a "pivotal time." The company is currently executing a Navitas 2.0 strategy. This shift focuses on high-power markets, including artificial intelligence (AI) data centers and industrial electrification. Think less about tiny power-efficient chips and more about the big, hungry systems that need serious juice. Fischer will serve on the Compensation and Executive Steering committees, so he's not just there for show—he's in the room where decisions get made.
Now, let's talk about the shorts. Data shows that short interest recently decreased. Total shorted shares fell from 43.80 million to 43.48 million. Currently, 25.11% of the float is held short. At average volumes, it would take 1.96 days for shorts to cover. That's still a decent chunk of the stock being bet against, but the slight pullback might be giving some bears pause as the price action heats up.
On the technical side, Navitas will report first-quarter earnings on May 5. Analysts expect a loss of 6 cents per share. Revenue is projected at $8.15 million. Navitas is holding in the upper half of its 52-week range of $1.67 to $17.79. The stock is trading 28.4% above its 20-day simple moving average (SMA) and 31% above its 100-day SMA. The moving average stack is also constructive, with the 20-day SMA above the 50-day SMA and a golden cross in June. The 12-month gain of 575.14% shows how aggressively the tape has repriced the story. Key resistance sits at $18, while key support is at $9.
Navitas Semiconductor shares were up 16.42% at $11.94 at the time of publication on Thursday, according to market data.
