NASDAQ:NVTS

Navitas Semiconductor (NVTS) Stock Forecast, Price & News

$9.07

+0.03 (+0.33%)

(As of 06/7/2023 ET)

Compare

Today's Range: $8.90
▼
$9.31
50-Day Range: $5.28
▼
$9.47
52-Week Range: $3.11
▼
$9.72

Volume: 2.06 million shs
Average Volume: 1.82 million shs
Market Capitalization: $1.46 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.50

Navitas Semiconductor MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 6.3% Downside
$8.50 Price Target
Short Interest: Bearish
10.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.68
Based on 3 Articles This Week
Insider Trading: Selling Shares
$120.78 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.25) to ($0.12) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.52 out of 5 stars

Computer And Technology Sector

527th out of 597 stocks

Semiconductors & Related Devices Industry

78th out of 84 stocks

1.4

Analyst's Opinion

Consensus Rating
Navitas Semiconductor has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.50, Navitas Semiconductor has a forecasted downside of 6.3% from its current price of $9.07.
Amount of Analyst Coverage
Navitas Semiconductor has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
10.14% of the float of Navitas Semiconductor has been sold short.
Short Interest Ratio / Days to Cover
Navitas Semiconductor has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Navitas Semiconductor has recently decreased by 3.33%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Navitas Semiconductor does not currently pay a dividend.
Dividend Growth
Navitas Semiconductor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NVTS.

3.7

News and Social Media Coverage

News Sentiment
Navitas Semiconductor has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Navitas Semiconductor this week, compared to 2 articles on an average week.
Search Interest
25 people have searched for NVTS on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.
MarketBeat Follows
5 people have added Navitas Semiconductor to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Navitas Semiconductor insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $120,780,978.00 in company stock.
Percentage Held by Insiders
36.80% of the stock of Navitas Semiconductor is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 22.70% of the stock of Navitas Semiconductor is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Navitas Semiconductor are expected to grow in the coming year, from ($0.25) to ($0.12) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Navitas Semiconductor is -22.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Navitas Semiconductor is -22.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Navitas Semiconductor has a P/B Ratio of 3.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Navitas Semiconductor (NASDAQ:NVTS) Stock

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride (GaN) power integrated circuits used in power conversion and charging. It operates in the United States, Ireland, Germany, Italy, Belgium, China, Taiwan, and the Philippines. The company was incorporated in 2013 and is based in El Segundo, California.

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NVTS Stock News Headlines

June 5, 2023 | finance.yahoo.com

Navitas Semiconductor Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

June 2, 2023 | americanbankingnews.com

Navitas Semiconductor Target of Unusually Large Options Trading (NASDAQ:NVTS)

June 8, 2023 | Behind the Markets (Ad)

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May 31, 2023 | finanznachrichten.de

Navitas Semiconductor Corporation: Navitas Initiates Strategic Manufacturing Investments

May 30, 2023 | finance.yahoo.com

Navitas Initiates Strategic Manufacturing Investments

May 24, 2023 | finance.yahoo.com

Navitas Semiconductor Announces Pricing of Public Offering of Class A Common Stock

May 24, 2023 | americanbankingnews.com

Navitas Semiconductor Co. (NASDAQ:NVTS) Receives $8.50 Consensus Price Target from Brokerages

May 23, 2023 | msn.com

Navitas Semiconductor commences $80M public offering of class A common stock

June 8, 2023 | Behind the Markets (Ad)

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CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 23, 2023 | finance.yahoo.com

Navitas Semiconductor Announces Proposed Public Offering of Class A Common Stock

May 22, 2023 | finance.yahoo.com

Navitas Semiconductor to be Added to Russell 3000® Index

May 20, 2023 | americanbankingnews.com

Navitas Semiconductor (NASDAQ:NVTS) PT Raised to $9.00 at Deutsche Bank Aktiengesellschaft

May 18, 2023 | finance.yahoo.com

Navitas Semiconductor Corporation (NVTS) Is Up 2.63% in One Week: What You Should Know

May 18, 2023 | finance.yahoo.com

Navitas’ Next-gen SiC Power Semis Adopted in Industrial Chargers from Exide Technologies

May 17, 2023 | finance.yahoo.com

Navitas Semiconductor Corporation (NASDAQ:NVTS) Q1 2023 Earnings Call Transcript

May 16, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Technology Stocks: C3ai (AI), Navitas Semiconductor (NVTS)

May 16, 2023 | msn.com

Why Navitas Semiconductor Stock Soared 16% Today

May 16, 2023 | finanznachrichten.de

Navitas Semiconductor Corporation: Navitas Semiconductor Announces First Quarter 2023 Financial Results

May 16, 2023 | americanbankingnews.com

Navitas Semiconductor (NASDAQ:NVTS) Price Target Raised to $8.00 at Bank of America

May 15, 2023 | seekingalpha.com

Navitas Semiconductor Non-GAAP EPS of -$0.07 beats by $0.01, revenue of $13.36M beats by $1.09M

May 15, 2023 | msn.com

Navitas Semiconductor: Q1 Earnings Insights

May 15, 2023 | msn.com

Navitas Semiconductor Corporation (NVTS) Reports Q1 Loss, Tops Revenue Estimates

May 15, 2023 | finance.yahoo.com

Navitas Semiconductor Announces First Quarter 2023 Financial Results

May 14, 2023 | americanbankingnews.com

Navitas Semiconductor (NVTS) Set to Announce Quarterly Earnings on Monday

May 12, 2023 | msn.com

What 4 Analyst Ratings Have To Say About Navitas Semiconductor

May 12, 2023 | markets.businessinsider.com

Navitas Semiconductor (NVTS) Receives a Rating Update from a Top Analyst

May 9, 2023 | marketwatch.com

Navitas Launches into High-Power Markets with GeneSiC SiCPAK(TM) Modules and Accelerates Bare-Die Sales

See More Headlines

NVTS Price History

30 days | 90 days | 365 days | Advanced Chart

NVTS Company Calendar

Today: 6/07/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:NVTS
CUSIP: N/A
CIK: 1821769
Web: navitassemi.com
Phone: 844-654-2642
Fax: N/A
Employees: 162
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.50
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: -6.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.41)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $73.91 million
Net Margins: -150.19%
Pretax Margin: -206.51%
Return on Equity: -22.72%
Return on Assets: -19.65%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.54
Quick Ratio: 4.73

Sales & Book Value

Annual Sales: $37.94 million
Price / Sales: 38.47
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.50 per share
Price / Book: 3.63

Miscellaneous

Outstanding Shares: 160,930,000
Free Float: 101,709,000
Market Cap: $1.46 billion
Optionable: Not Optionable
Beta: 2.34

Key Executives

Mr. Eugene A. Sheridan (Age 58)
Co-Founder, CEO, Pres & Chairman
Comp: $1.38M

Mr. Daniel M. Kinzer (Age 65)
Co-Founder, CTO, COO & Director
Comp: $1.36M

Mr. Todd H. Glickman (Age 39)
Sr. VP of Fin.
Comp: $579.67k

Mr. Nicholas Fichtenbaum Ph.D.
Co-Founder & VP of Engineering

Mr. Jason Zhang
Co-Founder & VP of Applications & Technical Marketing

Mr. Ronald K. Shelton (Age 61)
Sr. VP, CFO & Treasurer

Mr. Stephen Oliver
VP of Corp. Marketing & Investor Relations

Mr. Paul D. Delva
Sr. VP, Gen. Counsel & Sec.

Mr. David W. Carroll (Age 62)
Sr. VP of Worldwide Sales

Mr. Anthony Schiro
VP of Quality & Sustainability

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NVTS Stock - Frequently Asked Questions

Should I buy or sell Navitas Semiconductor stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Navitas Semiconductor in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NVTS shares.
View NVTS analyst ratings or view top-rated stocks.
What is Navitas Semiconductor's stock price forecast for 2023?: 5 Wall Street research analysts have issued 1 year price objectives for Navitas Semiconductor's shares. Their NVTS share price forecasts range from $6.00 to $10.00. On average, they anticipate the company's share price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for NVTS or view top-rated stocks among Wall Street analysts.
How have NVTS shares performed in 2023?: Navitas Semiconductor's stock was trading at $3.51 on January 1st, 2023. Since then, NVTS shares have increased by 158.4% and is now trading at $9.07.
View the best growth stocks for 2023 here.
When is Navitas Semiconductor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our NVTS earnings forecast.
What ETFs hold Navitas Semiconductor's stock?: ETFs with the largest weight of Navitas Semiconductor (NASDAQ:NVTS) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), Invesco DWA Technology Momentum ETF (PTF), SPDR S&P Semiconductor ETF (XSD), Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD),
What guidance has Navitas Semiconductor issued on next quarter's earnings?: Navitas Semiconductor issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $16.00 million-$17.00 million, compared to the consensus revenue estimate of $15.17 million.

What is Navitas Semiconductor's stock symbol?: Navitas Semiconductor trades on the NASDAQ under the ticker symbol "NVTS."
Who are Navitas Semiconductor's major shareholders?: Navitas Semiconductor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (1.57%), BlackRock Inc. (0.92%), Penn Capital Management Company LLC (0.66%), First Trust Advisors LP (0.57%), Geode Capital Management LLC (0.56%) and New York State Common Retirement Fund (0.46%). Insiders that own company stock include Daniel M Kinzer, David Moxam, Eugene Sheridan, Ranbir Singh and Ron Shelton.
View institutional ownership trends.
How do I buy shares of Navitas Semiconductor?: Shares of NVTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Navitas Semiconductor's stock price today?: One share of NVTS stock can currently be purchased for approximately $9.07.
How much money does Navitas Semiconductor make?: Navitas Semiconductor (NASDAQ:NVTS) has a market capitalization of $1.46 billion and generates $37.94 million in revenue each year. The company earns $73.91 million in net income (profit) each year or ($0.41) on an earnings per share basis.
How many employees does Navitas Semiconductor have?: The company employs 162 workers across the globe.
How can I contact Navitas Semiconductor?: Navitas Semiconductor's mailing address is 40 S. Main Street #2550, MEMPHIS TN, 38103. The official website for the company is navitassemi.com. The company can be reached via phone at 844-654-2642 or via email at info@navitassemi.com.

This page (NASDAQ:NVTS) was last updated on 6/8/2023 by MarketBeat.com Staff

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