Streetbeat News

NVTS

Navitas Semiconductor Corporation

https://navitassemi.com

Industry

Semiconductors

Navitas Semiconductor Corporation designs, develops, and sells gallium nitride (GaN) power integrated circuits in China, the United States, Taiwan, Korea, and internationally. The company was incorporated in 2013 and is based in Dublin, Ireland.

Open

1.88

Mkt cap

332M

Volume

2.5M

High

1.88

P/E Ratio

-3.96

52-wk high

8.44

Low

1.76

Div yield

N/A

52-wk low

1.76

Semiconductor stocks are experiencing a decline in share prices due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 5:14 pm

Analysts' ratings for Navitas Semiconductor (NASDAQ:NVTS) have varied from bullish to bearish over the last quarter. The average 12-month price target has decreased by 22.75% to $6.96. Multiple analysts have lowered their price targets and ratings, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:01 pm

Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $4.6 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:25 pm

Craig-Hallum analyst Richard Shannon maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $7.5 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:50 pm

Deutsche Bank analyst Ross Seymore maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:34 pm

Navitas Semiconductor (NASDAQ:NVTS) reported mixed Q2 results, with a loss per share of 7 cents missing estimates but sales of $20.468 million beating expectations. Despite positive comments from the CEO, the company's Q3 revenue guidance fell short of market estimates, leading to a 6.2% drop in share price. Analysts from Rosenblatt and Needham maintained Buy ratings but lowered their price targets.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 12:28 pm

Needham analyst Quinn Bolton maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $7 to $5.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:33 am

Rosenblatt analyst Kevin Cassidy maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $10 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:20 am

Navitas Semiconductor has announced its Q3 net revenue forecast to be between $21.5 million and $22.5 million, which is below the estimated $23.36 million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:58 pm

Navitas Semiconductor (NASDAQ:NVTS) reported Q2 2024 adjusted EPS of $(0.07), missing the $(0.06) estimate, but achieved sales of $20.468M, beating the $20.013M estimate. Sales increased by 13.32% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:18 pm

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