NASDAQ:NVTS

Navitas Semiconductor (NVTS) Stock Forecast, Price & News

$6.90

+0.08 (+1.17%)

(As of 11:34 AM ET)

Compare

Today's Range: $6.90
▼
$7.07
50-Day Range: $6.79
▼
$10.83
52-Week Range: $3.11
▼
$11.16

Volume: 389,236 shs
Average Volume: 1.97 million shs
Market Capitalization: $1.20 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.89

Navitas Semiconductor MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 45.0% Upside
$9.89 Price Target
Short Interest: Bearish
9.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.62
Based on 2 Articles This Week
Insider Trading: Selling Shares
$8.02 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.46) to ($0.40) Per Share

Overall MarketRank^™

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

2.13 out of 5 stars

Computer And Technology Sector

303rd out of 599 stocks

Semiconductors & Related Devices Industry

48th out of 88 stocks

4.3

Analyst's Opinion

Consensus Rating
Navitas Semiconductor has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.89, Navitas Semiconductor has a forecasted upside of 45.0% from its current price of $6.82.
Amount of Analyst Coverage
Navitas Semiconductor has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
9.67% 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 5.5.
Change versus previous month
Short interest in Navitas Semiconductor has recently increased by 0.55%, indicating that investor sentiment is decreasing.

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.

1.5

News and Social Media Coverage

News Sentiment
Navitas Semiconductor has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Navitas Semiconductor this week, compared to 2 articles on an average week.
Search Interest
Only 8 people have searched for NVTS on MarketBeat in the last 30 days. This is a decrease of -68% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Navitas Semiconductor to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% 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 $8,020,123.00 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 37.45% 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 ($0.46) to ($0.40) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Navitas Semiconductor is -6.69, 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 -6.69, 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 2.73. P/B Ratios below 3 indicates that a company is reasonably valued 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 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. It operates in the United States, Europe, China, rest of Asia, and internationally. The company was founded in 2013 and is based in Torrance, California.

NVTS Price History

30 days | 90 days | 365 days | Advanced Chart

NVTS Stock News Headlines

September 22, 2023 | msn.com

After Plunging -17.73% in 4 Weeks, Here's Why the Trend Might Reverse for Navitas Semiconductor Corporation (NVTS)

September 21, 2023 | finance.yahoo.com

Navitas Announces Comprehensive Investor Day, 2023

September 29, 2023 | PressReach (Ad)

Uranium Prices Surge as Nuclear Energy Becomes Key

Renewed interest in uranium and rising prices have created a favorable environment for new projects.

September 14, 2023 | finance.yahoo.com

Navitas’ SiC Experts Take Center Stage at ICSCRM 2023

August 23, 2023 | finance.yahoo.com

Navitas To Reveal Major Breakthrough in Next-Gen Power Semiconductors at SEMICON Taiwan 2023

August 21, 2023 | finance.yahoo.com

Navitas Semiconductor Corporation (NVTS) Stock Climbed After Management Reiterated Its Outlook

August 15, 2023 | finanznachrichten.de

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

August 15, 2023 | markets.businessinsider.com

Analyst Expectations for Navitas Semiconductor's Future

September 29, 2023 | PressReach (Ad)

Uranium Prices Surge as Nuclear Energy Becomes Key

Renewed interest in uranium and rising prices have created a favorable environment for new projects.

August 14, 2023 | finance.yahoo.com

Navitas Semiconductor Announces Second Quarter 2023 Financial Results

August 3, 2023 | finance.yahoo.com

Navitas GaN CRPS185 3,200 W “Titanium Plus” Server Power Platform Drives the AI Revolution

July 19, 2023 | finance.yahoo.com

Navitas Semiconductor to Report Q2 2023 Financial Results on Monday, August 14th, 2023

July 5, 2023 | fool.com

Navitas Semiconductor (NASDAQ: NVTS)

July 5, 2023 | finance.yahoo.com

Navitas Confirms Continued Supply of Leading-Edge Gallium Nitride Power ICs

June 29, 2023 | seekingalpha.com

Navitas: Investors Are Overlooking This Significant Risk

June 29, 2023 | finance.yahoo.com

Navitas and Plexim Accelerate Time-to-Market with PLECS Models for Next-generation GeneSiC™ Power Semiconductors

June 27, 2023 | seekingalpha.com

Key Considerations For Those Contemplating A Position In Navitas Semiconductor

June 27, 2023 | finance.yahoo.com

Individual investors account for 48% of Navitas Semiconductor Corporation's (NASDAQ:NVTS) ownership, while institutions account for 19%

June 23, 2023 | benzinga.com

Navitas and GravaStar "Roll Out" World's First 65 W GaNFast™ Chargers Customized to Transformers™ Movie Characters

June 23, 2023 | stockhouse.com

Navitas and GravaStar "Roll Out" World's First 65 W GaNFast(TM) Chargers Customized to Transformers(TM) Movie Characters

June 23, 2023 | finance.yahoo.com

Navitas and GravaStar “Roll Out” World’s First 65 W GaNFast™ Chargers Customized to Transformers™ Movie Characters

June 20, 2023 | finance.yahoo.com

Navitas to “Electrify Our World™” with Next-gen Power Semiconductors at electronica China 2023

June 5, 2023 | finance.yahoo.com

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

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 23, 2023 | msn.com

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

See More Headlines

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NVTS Company Calendar

Last Earnings: 8/14/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/08/2023
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: 230
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.89
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: +45.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.02)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $73.91 million
Net Margins: -294.91%
Pretax Margin: -206.51%
Return on Equity: -21.11%
Return on Assets: -18.27%

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: 31.23
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.50 per share
Price / Book: 2.73

Miscellaneous

Outstanding Shares: 173,720,000
Free Float: 109,791,000
Market Cap: $1.18 billion
Optionable: Not Optionable
Beta: 2.41

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Key Executives

Mr. Eugene A. Sheridan (Age 56)
Co-Founder, CEO, Pres & Chairman
Comp: $705.95k

Mr. Daniel M. Kinzer (Age 65)
Co-Founder, CTO, COO & Director
Comp: $535.12k

Mr. Ronald K. Shelton (Age 61)
Sr. VP, CFO & Treasurer
Comp: $377.72k

Dr. Ranbir Singh Ph.D. (Age 53)
Exec. VP of GeneSiC Bus.
Comp: $382.67k

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

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

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. Todd H. Glickman (Age 39)
Sr. VP of Fin.

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?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Navitas Semiconductor in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NVTS shares.
View NVTS analyst ratings or view top-rated stocks.
What is Navitas Semiconductor's stock price forecast for 2023?: 6 Wall Street analysts have issued 1 year price objectives for Navitas Semiconductor's shares. Their NVTS share price forecasts range from $6.00 to $12.00. On average, they predict the company's stock price to reach $9.89 in the next year. This suggests a possible upside of 45.0% from the stock's current price.
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 at the start of the year. Since then, NVTS stock has increased by 94.3% and is now trading at $6.82.
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 Wednesday, November 8th 2023.
View our NVTS earnings forecast.
How were Navitas Semiconductor's earnings last quarter?: Navitas Semiconductor Co. (NASDAQ:NVTS) posted its earnings results on Monday, August, 14th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.06. The company earned $18.06 million during the quarter, compared to analysts' expectations of $16.52 million. Navitas Semiconductor had a negative trailing twelve-month return on equity of 21.11% and a negative net margin of 294.91%.
What ETFs hold Navitas Semiconductor's stock?: ETFs with the largest weight of Navitas Semiconductor (NASDAQ:NVTS) stock in their portfolio include Invesco Dorsey Wright Technology Momentum ETF (PTF), SPDR S&P Semiconductor ETF (XSD), Invesco WilderHill Clean Energy ETF (PBW) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).iShares Micro-Cap ETF (IWC).

What guidance has Navitas Semiconductor issued on next quarter's earnings?: Navitas Semiconductor issued an update on its third quarter 2023 earnings guidance on Monday, August, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $20.58 million-$21.42 million, compared to the consensus revenue estimate of $20.08 million.
What is Navitas Semiconductor's stock symbol?: Navitas Semiconductor trades on the NASDAQ under the ticker symbol "NVTS."
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 $6.82.
How much money does Navitas Semiconductor make?: Navitas Semiconductor (NASDAQ:NVTS) has a market capitalization of $1.18 billion and generates $37.94 million in revenue each year. The company earns $73.91 million in net income (profit) each year or ($1.02) on an earnings per share basis.
How many employees does Navitas Semiconductor have?: The company employs 230 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 9/29/2023 by MarketBeat.com Staff

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