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

Deutsche Bank analyst Ross Seymore maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:29 pm

Rosenblatt analyst Kevin Cassidy maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $12 to $10.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:01 pm

In Friday's pre-market session, several Information Technology stocks showed significant movement. AEye, Inseego, WiSA Technologies, SoundHound AI, Movano, and Ouster were among the gainers, with notable increases in their stock prices. Conversely, Microvision, Evolv Technologies, Applied Optoelectronics, JFrog, X3 Holdings, and Navitas Semiconductor experienced declines. The movements were largely attributed to the release of Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 12:07 pm

Baird analyst Tristan Gerra maintains an Outperform rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $12 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:37 am

Needham analyst Quinn Bolton maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but lowers the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:33 am

U.S. stocks are poised to end the week strong, with futures indicating a higher opening and the S&P 500 potentially surpassing its late-March peak. This optimism is fueled by weak data raising hopes for a Federal Reserve rate cut. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket gains. Notable stock movements include Akamai Technologies (AKAM) and others due to earnings announcements. Upcoming economic data and Federal Reserve speeches are anticipated to provide further market direction.

Portfolio Pulse from Shanthi Rexaline

May 10, 2024 | 11:16 am

Navitas Semiconductor shares are trading lower following the announcement of worse-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:59 am

Akamai Technologies issued a weak outlook, causing its shares to fall sharply in pre-market trading. Other companies like MacroGenics, Progyny, MicroVision, Applied Optoelectronics, JFrog, Navitas Semiconductor, Ginkgo Bioworks, indie Semiconductor, Yelp, and Runway Growth Finance also reported losses due to various negative financial results or guidance.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 9:45 am

Navitas Semiconductor projects its Q2 2204 revenue to be around $20 million, plus or minus $500,000, which is below the estimated $23.811 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:06 pm

Navitas Semiconductor's stock trades lower following the announcement of Q1 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:50 pm

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