Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $19.03 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Navitas Semiconductor Stock Performance
Shares of NASDAQ:NVTS opened at $3.33 on Wednesday. The company has a market capitalization of $622.04 million, a P/E ratio of -7.93 and a beta of 2.20. Navitas Semiconductor has a fifty-two week low of $1.75 and a fifty-two week high of $7.40. The company’s 50-day moving average is $3.37 and its 200 day moving average is $2.89.
Insider Activity
In other news, Director Richard J. Hendrix sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $4.54, for a total transaction of $181,600.00. Following the sale, the director now directly owns 316,709 shares in the company, valued at $1,437,858.86. This represents a 11.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 31.80% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on NVTS
Navitas Semiconductor Company Profile
Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company’s products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.
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