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

2.31

Mkt cap

467M

Volume

5M

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

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

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

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