Deutsche Bank Aktiengesellschaft Trims Navitas Semiconductor (NASDAQ:NVTS) Target Price to $13.00

Navitas Semiconductor (NASDAQ:NVTSGet Rating) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $13.00 in a research note issued to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 58.15% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Needham & Company LLC started coverage on shares of Navitas Semiconductor in a research note on Thursday, February 17th. They issued a “buy” rating and a $16.00 target price on the stock. Rosenblatt Securities started coverage on shares of Navitas Semiconductor in a research note on Wednesday, February 23rd. They issued a “buy” rating and a $15.00 target price on the stock. CJS Securities started coverage on shares of Navitas Semiconductor in a research note on Monday, March 28th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research raised shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Navitas Semiconductor has an average rating of “Buy” and an average target price of $18.57.

NVTS stock opened at $8.22 on Wednesday. Navitas Semiconductor has a 12 month low of $7.56 and a 12 month high of $22.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 27.16 and a quick ratio of 26.04. The business’s 50-day moving average price is $9.27.

Navitas Semiconductor (NASDAQ:NVTSGet Rating) last issued its earnings results on Tuesday, February 15th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.27). The business had revenue of $7.34 million for the quarter, compared to analyst estimates of $7.40 million. As a group, research analysts expect that Navitas Semiconductor will post -0.3 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new stake in Navitas Semiconductor during the fourth quarter valued at approximately $47,000. Bank of America Corp DE purchased a new stake in Navitas Semiconductor during the fourth quarter valued at approximately $66,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Navitas Semiconductor during the fourth quarter valued at approximately $68,000. 180 Wealth Advisors LLC purchased a new stake in Navitas Semiconductor during the fourth quarter valued at approximately $145,000. Finally, Tudor Investment Corp Et Al purchased a new stake in Navitas Semiconductor during the third quarter valued at approximately $169,000. 23.37% of the stock is owned by institutional investors.

Navitas Semiconductor Company Profile (Get Rating)

Navitas Semiconductor Corporation designs, develops, and sells gallium nitride (GaN) power integrated circuits in China, the United States, Taiwan, Korea, and internationally. Its products integrate GaN power with drive, control, and protection to enable faster charging, higher power density, and greater energy savings for mobile, consumer, enterprise, eMobility, and new energy markets.

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