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

In Wednesday's mid-day session, Minerva Surgical, EpicQuest Education Group, and Enveric Biosciences saw significant gains after receiving patents and signing agreements. Meanwhile, America's Car-Mart shares dropped by 11.8% following weak quarterly earnings.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 4:48 pm

12 IT stocks experienced significant price movements during Wednesday's pre-market session, with Photronics, Maris Tech, VerifyMe, AuthID, Soluna Holdings, and Intellicheck among the gainers, while WISeKey Intl Hldg, Navitas Semiconductor, HeartCore Enterprises, T Stamp, D-Wave Quantum, and Bit Origin were the losers.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 1:09 pm

Navitas Semiconductor has priced its 10 million share common stock offering at $8 per share.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:31 pm

Navitas Semiconductor announces a proposed public offering of $80 million shares of Class A common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:27 pm

Navitas Semiconductor announces a proposed public offering of $80 million shares of Class A common stock, with a 30-day option for underwriters to purchase an additional $12 million shares. The net proceeds will be used for working capital, general corporate purposes, and potential acquisitions or strategic manufacturing investments.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:48 pm

Navitas Semiconductor (NVTS) will be added to the Russell 3000 Index, which could lead to increased visibility and demand for the stock.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:53 pm

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