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

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

Tech sector stocks are trading lower due to worse-than-expected February inflation data, affecting a wide range of companies.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:46 pm

Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:54 am

Navitas Semiconductor has announced a technology roadmap to support a 3x increase in AI data center power demands within the next 12-18 months, leveraging its gallium nitride (GaN) and silicon carbide (SiC) technologies. The company has introduced a 3.2kW and a 4.5kW data center power platform, with plans for an 8-10kW platform by the end of 2024. These advancements are in response to the growing power requirements of high-performance AI processors, with over 20 data center customer projects in development expected to drive significant GaN or SiC revenues starting this year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:43 pm

Shares of technology sector companies are trading lower, indicating a possible overall pullback in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:26 pm

Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 3:31 pm

NetApp, Inc. (NASDAQ:NTAP) shares surged by approximately 17% in pre-market trading following the announcement of better-than-expected third-quarter financial results and positive guidance. The company reported adjusted earnings of $1.94 per share, surpassing the market estimates of $1.69 per share, with quarterly sales of $1.610 billion against expectations of $1.591 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Nxu, Inc., Minim, Inc., and Dell Technologies Inc., among others. Conversely, several companies experienced declines, such as GigCapital5, Inc., Fisker Inc., and Sidus Space, Inc.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:31 pm

In Friday's pre-market session, several Information Technology stocks showed significant movement. Minim, MMTEC, Dell Technologies, Everbridge, NetApp, and Navitas Semiconductor were among the gainers, with Minim leading by surging 67.4%. On the downside, SoundHound AI, Inuvo, WeTrade Group, Ascent Solar Technologies, Mobix Labs, and Zscaler experienced declines, with SoundHound AI dropping 18.9%. The movements were largely influenced by recent earnings reports.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 1:09 pm

Needham analyst Quinn Bolton has maintained a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) but has lowered the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:06 pm

Navitas Semiconductor projects its Q1 2024 revenue to be around $23 million, plus or minus $500,000, which is below the estimated $24.693 million.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:34 pm

Navitas Semiconductor (NASDAQ:NVTS) reported Q4 earnings, beating estimated earnings by 20.0% with an EPS of $-0.04 versus an estimate of $-0.05. Revenue increased by $13.71 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a 10.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:05 pm

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