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

2.31

Mkt cap

467M

Volume

High

2.56

P/E Ratio

-5.43

52-wk high

5.13

Low

2.28

Div yield

N/A

52-wk low

1.75

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

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:18 pm

Navitas Semiconductor (NASDAQ:NVTS) announced its participation in the China Electronic Hotspot Solutions Innovation Summit in Shenzhen on April 27th, 2024. The company will showcase its advancements in GaNFast gallium nitride (GaN) and GeneSiC silicon carbide (SiC) power semiconductors, focusing on applications in electric vehicles (EVs) such as 800 V supercharging and battery management. Navitas aims to introduce more efficient, smaller, and lighter on-board charging solutions for EVs through its keynote. The summit will feature discussions on technological trends in the new energy industry and provide a platform for Navitas to exhibit its latest products and solutions optimized for EVs.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:41 pm

Teledyne Technologies shares fell by 9% after reporting disappointing Q1 financial results and cutting FY24 EPS guidance. Other stocks showed significant movement, with notable gainers including Chicken Soup for the Soul Entertainment and BranchOut Food, and losers like Neo-Concept International and iSun.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 5:57 pm

Hilton Worldwide Holdings Inc. reported better-than-expected Q1 financial results, leading to a 5.7% stock increase. Other companies like B. Riley Financial, MMTec, Ribbon Communications, Hasbro, Tesla, Vertiv Holdings, and several more also saw significant gains following positive financial results, guidance updates, or other favorable news.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 3:19 pm

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

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