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

Navitas Semiconductor (NASDAQ:NVTS) is anticipated to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Navitas Semiconductor to post earnings of ($0.06) per share and revenue of $19.03 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Navitas Semiconductor Stock Performance

Shares of NVTS opened at $3.17 on Friday. The firm has a 50 day moving average price of $3.33 and a 200-day moving average price of $2.89. Navitas Semiconductor has a fifty-two week low of $1.75 and a fifty-two week high of $7.40. The firm has a market cap of $592.14 million, a price-to-earnings ratio of -7.55 and a beta of 2.20.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Craig Hallum reduced their target price on shares of Navitas Semiconductor from $6.50 to $4.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $5.00 target price on shares of Navitas Semiconductor in a research note on Thursday. Robert W. Baird decreased their target price on shares of Navitas Semiconductor from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Navitas Semiconductor from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Navitas Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $4.39.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, Director Richard J. Hendrix sold 80,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $4.04, for a total value of $323,200.00. Following the completion of the sale, the director now directly owns 356,709 shares in the company, valued at $1,441,104.36. This represents a 18.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.80% of the company’s stock.

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.