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

2.20

Mkt cap

404M

Volume

549K

High

2.27

P/E Ratio

-5.12

52-wk high

8.44

Low

2.18

Div yield

N/A

52-wk low

2.14

Samsung has expanded the adoption of Navitas Semiconductor's GaNFast ICs from its flagship Galaxy S22, S23, and S24 to the mainstream Galaxy A, and revolutionary Galaxy Z Fold6 and Galaxy Z Flip6 smartphones. This expansion includes enhanced Galaxy AI features and new energy-saving technology.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:53 pm

The stock market is set to open sharply lower on Monday due to negative sentiment from last week. Nasdaq 100 futures are down over 4%, and the VIX has spiked over 100%. Berkshire Hathaway has trimmed its equity portfolio, including selling nearly half of its Apple shares. Tech stocks, particularly Nvidia, are showing notable weakness. Bitcoin has also plunged over 15%. The global sell-off is driven by recession fears and the unwinding of yen carry trades.

Portfolio Pulse from Shanthi Rexaline

August 05, 2024 | 11:51 am

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

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:43 pm

Navitas Semiconductor has extended its Gen-3 'Fast' 650V SiC MOSFETs into a thermally-enhanced TOLL package, targeting high-power and high-reliability applications.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:32 pm

Shares of semiconductor, memory, and chip-related stocks are trading higher due to softer-than-expected CPI figures and ongoing AI optimism.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:54 pm

Navitas Semiconductor (NASDAQ:NVTS) has been analyzed by 8 analysts, revealing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 18.45%, with a current average target of $8.62. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 1:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:30 pm

Navitas Semiconductor (NASDAQ:NVTS) has announced a new portfolio of Gen-3 'Fast' SiC MOSFETs designed for high-efficiency and high-power applications such as AI data centers, EV chargers, and energy storage systems.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:40 pm

Jefferies analyst Blayne Curtis downgraded Navitas Semiconductor (NVTS) from Buy to Hold and reduced the price target from $10 to $4.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:16 pm

Diodes Incorporated shares fell by approximately 10% after reporting quarterly financial results that missed market expectations. Other stocks experienced significant movements, with notable gainers including Novavax, Inc. and iTeos Therapeutics, Inc., and losers like MacroGenics, Inc. and Greenwave Technology Solutions, Inc.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 4:44 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.