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

Navitas Semiconductor (NASDAQ:NVTS) reported Q4 2023 adjusted EPS of $(0.040), beating the $(0.050) estimate, with sales of $26.058M surpassing the $25.400M estimate. This represents a 111.01% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:03 pm

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

Navitas Semiconductor (NASDAQ:NVTS) and SHINRY have opened a joint R&D power laboratory to accelerate the development of New-Energy Vehicle (NEV) power systems using Navitas' GaNFast technology. The lab aims to create more efficient, higher power density, and cost-effective power systems for NEVs. The collaboration will involve system-level R&D and support from Navitas' EV system Design Center in Shanghai. The partnership is expected to enhance the market competitiveness of SHINRY's products and contribute to the growth of the new energy industry.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:38 pm

Northland Capital Markets analyst Gus Richard has initiated coverage on Navitas Semiconductor (NASDAQ:NVTS) with a Market Perform rating.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:27 pm

Navitas Semiconductor has announced the appointment of Janet Chou as the new CFO, Executive Vice President, and Treasurer. She will assume her role upon the filing of the company's 2023 annual report on Form 10-K, expected by the end of February. Chou will be taking over from Ron Shelton, who has decided to pursue other opportunities effective March 15, 2024. Shelton will continue to provide transition support to Chou and advice to CEO Gene Sheridan following the filing.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:44 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' praised Nu Holdings Ltd. (NU) as a 'winner' and a 'Brazilian stock that I absolutely like.' He suggested considering buying The Home Depot, Inc. (HD) and Visa Inc. (V), while recommending selling Navitas Semiconductor Corporation (NVTS) due to its lack of profitability. Cramer also advised against investing in Riot Platforms, Inc. (RIOT), suggesting direct Bitcoin investment instead, and hinted at Bitcoin potentially topping out. The mentioned stocks experienced gains in their last session.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 1:47 pm

NIO Inc. shares are declining due to reports of further job cuts for cost-cutting and efficiency. The company had previously announced a 10% workforce reduction, and new reports suggest this could increase to 20%-30% in certain departments. NIO's CEO William Li described the layoffs as a necessary response to competition. Concurrently, NIO has launched a smartphone featuring Navitas Semiconductor's GaNFast power ICs and QUALCOMM's Snapdragon 8 Gen 2 chip. The NIO Phone aims to enhance the vehicle-centric mobile interconnection experience for users. NIO's stock fell by 4% to $7.43.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 5:53 pm

Navitas Semiconductor (NASDAQ:NVTS) has announced that its GaNFast power ICs with GaNSense technology are featured in NIO's new smartphone, the NIO Phone, which offers 66 W fast charging and seamless integration with NIO's electric vehicles. The phone includes a Qualcomm Snapdragon 8 Gen 2 chip, a 6.81-inch 2K screen, and can control over 30 car functions, potentially replacing car keys. Navitas' ICs contribute to the phone's lightweight and efficient charging experience, marking a collaboration between Navitas, NIO, and TenPao, the manufacturer of the NIO Phone charger.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:39 pm

Navitas Semiconductor (NASDAQ:NVTS) is showcasing its GaNFast gallium nitride and GeneSiC silicon carbide power semiconductors at the 'Bodo's WBG Event' in Munich. As a leader in wide bandgap (WBG) semiconductors, Navitas has shipped over 100 million GaN and 12 million SiC power devices. The company will present its latest technologies aimed at markets such as EV, solar, energy storage, and AI data centers. The event features discussions on the adoption of SiC and GaN materials, and presentations on the advantages of Navitas' power ICs and GeneSiC MOSFETs.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:32 pm

Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Navitas Semiconductor (NASDAQ:NVTS) but reduced the price target from $8 to $6.9.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 2:17 pm

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