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 reported its Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:38 pm

Needham analyst Quinn Bolton has maintained a 'Buy' rating on Navitas Semiconductor (NASDAQ:NVTS) but lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:18 pm

Several information technology stocks experienced significant movement in Friday's pre-market session. Crexendo, Marin Software, TeraWulf, Indie Semiconductor, Navitas Semiconductor, and HeartCore Enterprises saw gains, while Vuzix, WiSA Technologies, Unity Software, Quantum, Rigetti Computing, and Veritone experienced losses. Most of these movements were associated with the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 1:06 pm

US stocks are expected to open lower on Friday due to concerns over interest rates and disappointing earnings reports. Federal Reserve Chair Jerome Powell's comments on inflation and interest rates have increased market uncertainty. Powell suggested another rate hike may be necessary if inflation doesn't pull back at a faster pace. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) fell. Stocks in focus include Plug Power, Inc. (NASDAQ:PLUG), which plunged over 29% in premarket trading following its third-quarter miss and “going concern” warning.

Portfolio Pulse from Shanthi Rexaline

November 10, 2023 | 12:08 pm

Navitas Semiconductor has projected its Q4 net revenues to be between $25M and $36M, which is higher than the estimated $24.91M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:22 pm

Navitas Semiconductor reported Q3 adjusted EPS of $(0.04), with revenue of $22M, slightly above the estimated $21M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:21 pm

The stock market's momentum appears to be waning with futures suggesting a mixed opening for Thursday. Earnings reports have generally been positive, with companies like Walt Disney Co. posting encouraging quarterly results. Bond yields have started to rise in anticipation of the IMF panel discussion, featuring Federal Reserve Chair Jerome Powell. Morgan Stanley's Lisa Shalett remains wary of a potential slowing in economic growth, the specter of sticky inflation, the overall market trend remaining sideways and uninspiring, and the stresses emerging in the high-yield or speculative grade credit.

Portfolio Pulse from Shanthi Rexaline

November 09, 2023 | 12:25 pm

The article provides a list of 10 Information Technology stocks with whale alerts in today's session. The stocks mentioned are AMD, NVDA, MSFT, BILL, U, NVTS, MRVL, FTNT, AMAT, and AAPL. The whale alerts are based on options activity and can indicate bullish, bearish, or neutral sentiment. The article provides detailed information about the options activity for each stock.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:35 pm

Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Navitas Semiconductor (NASDAQ:NVTS) and lowered the price target from $9.2 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:35 pm

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', has given his recommendations on several stocks. He advises against buying ChargePoint Holdings (CHPT), Phathom Pharmaceuticals (PHAT), Navitas Semiconductor (NVTS), and Luminar Technologies (LAZR) due to their financial losses. He also recommends caution with RTX Corporation (RTX) due to issues with their commercial business. However, he speaks positively about Taiwan Semiconductor Manufacturing Company (TSM) and Axon Enterprise (AXON), recommending the latter for purchase.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:55 pm

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