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

B of A Securities analyst Vivek Arya has maintained a Neutral rating on Navitas Semiconductor (NASDAQ:NVTS) and lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 1:20 pm

Navitas Semiconductor reported better-than-expected Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:49 pm

Needham analyst Quinn Bolton maintains a Buy rating on Navitas Semiconductor (NASDAQ:NVTS) and raises the price target from $8 to $10.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 11:24 am

Rosenblatt analyst Kevin Cassidy maintains a 'Buy' rating on Navitas Semiconductor (NASDAQ:NVTS) and has raised the price target from $10 to $12.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 10:58 am

Several Information Technology stocks experienced significant movement in Monday's after-market session. Notable gainers included Sonim Technologies (SONM), GSE Systems (GVP), CompoSecure (CMPO), Navitas Semiconductor (NVTS), Mawson Infra Gr (MIGI), and Transphorm (TGAN). On the other hand, Addvantage Technologies (AEY), QuickLogic (QUIK), Nano Labs (NA), Inpixon (INPX), Sigma Additive Solutions (SASI), and ZeroFox Holdings (ZFOX) saw their stocks fall.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 9:32 pm

Navitas Semiconductor has projected its Q3 net revenues to reach $21M, plus or minus 2%, which is higher than the consensus estimate of $20.08M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:20 pm

Navitas Semiconductor (NASDAQ:NVTS) reported Q2 adjusted losses of $(0.05) per share, beating the analyst consensus estimate of $(0.07) by 28.57%. The company also reported quarterly sales of $18.06 million, surpassing the analyst consensus estimate of $16.50 million by 9.47%. This represents a 109.75% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:06 pm

Rosenblatt analyst Kevin Cassidy has reiterated a 'Buy' rating on Navitas Semiconductor (NASDAQ:NVTS) and maintained a price target of $10.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 11:09 am

Semiconductor and chip stocks are trading lower due to light quarterly guidance from AMD and a downgrade of the US's long-term credit rating by Fitch. This has put pressure on broader tech and growth stocks.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:42 am

Shares of several semiconductor companies are trading lower in sympathy with Taiwan Semiconductor, which issued weak Q3 and 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:33 pm

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