Navitas Semiconductor (NVTS) Projected to Post Quarterly Earnings on Wednesday

Navitas Semiconductor (NASDAQ:NVTSGet 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

NVTS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Navitas Semiconductor from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Craig Hallum dropped their price objective on shares of Navitas Semiconductor from $6.50 to $4.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $7.50 price objective on shares of Navitas Semiconductor in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their price objective on shares of Navitas Semiconductor from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.75.

View Our Latest Research Report on NVTS

Navitas Semiconductor Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History for Navitas Semiconductor (NASDAQ:NVTS)

Receive News & Ratings for Navitas Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navitas Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.