Streetbeat News

NVTS

Navitas Semiconductor Corporation

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

Rosenblatt analyst Kevin Cassidy has reiterated a 'Buy' rating on Navitas Semiconductor (NASDAQ:NVTS) and maintained a price target of $10.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 11:09 am

Semiconductor and chip stocks are trading lower due to light quarterly guidance from AMD and a downgrade of the US's long-term credit rating by Fitch. This has put pressure on broader tech and growth stocks.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:42 am

Shares of several semiconductor companies are trading lower in sympathy with Taiwan Semiconductor, which issued weak Q3 and 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:33 pm

The ongoing tech war between the U.S. and China has escalated with new measures that could affect companies in the semiconductor and cloud computing sectors. China has imposed restrictions on the export of gallium and germanium, metals crucial in the manufacturing of semiconductors, which could impact U.S. companies like Coherent Corp, Lumentum Holdings, Ciena Corporation, Infinera Corp, Wolfspeed, Power Integrations, Navitas Semiconductor, Qorvo, NXP Semiconductors, Skyworks Solutions, Qualcomm, and Broadcom. Meanwhile, the Biden administration is considering restricting Chinese access to U.S. cloud-service providers like Amazon and Microsoft.

Portfolio Pulse from Natan Ponieman

July 05, 2023 | 6:54 pm

Navitas Semiconductor confirmed the continued supply of gallium nitride power ICs and does not expect customer deliveries or its business to be adversely impacted by export restrictions. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 2:53 pm

Several US stocks recorded gains in Wednesday's trading session. Allarity Therapeutics' shares surged after positive initial data from a Phase 2 trial. TMC the metals company regained compliance with Nasdaq's minimum bid requirement. Pegasystems rose following an upgrade from Wedbush. Wolfspeed announced a 10-year silicon carbide wafer supply deal with Renesas Electronics. Digital World Acquisition reached a settlement with the SEC. Xpeng expects sharp growth in deliveries in H2. Trinity Capital received a Buy rating from Jefferies. Navitas confirmed continued supply of leading-edge gallium nitride power ICs. TETRA Technologies raised Q2 expectations due to strong operational performance. Transocean was upgraded by Citigroup and announced that $172 million in options have been exercised for the Transocean Encourage in Norway. Nikola plans to liquidate the assets of Romeo Power.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 2:47 pm

Rosenblatt analyst Kevin Cassidy reiterates a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) and maintains a $10 price target.

Portfolio Pulse from richadhand@benzinga.com

June 01, 2023 | 11:07 am

Semiconductor stocks are trading higher following Marvell Technology's strong Q1 results and its expectation to double AI revenue by 2024. NVIDIA's Q1 earnings and optimism around debt ceiling talks also contribute to the sector's boost.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 2:50 pm

Rosenblatt analyst Kevin Cassidy reiterates a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) and maintains a $10 price target.

Portfolio Pulse from richadhand@benzinga.com

May 25, 2023 | 11:39 am

During Wednesday's intraday session, several IT stocks experienced significant price movements. Avid Technology, Applied Digital, NiSun Intl Enterprise Dev, Movella Holdings, RF Industries, and Sonic Foundry were among the gainers, while Navitas Semiconductor, Bit Origin, HeartCore Enterprises, Ascent Solar Technologies, Rubicon Technologies, and Infobird Co were among the losers.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 5:31 pm

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