Equities research analysts expect Navitas Semiconductor Co. (NASDAQ:NVTS – Get Rating) to announce earnings of ($0.08) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Navitas Semiconductor’s earnings. The business is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Navitas Semiconductor will report full-year earnings of ($0.30) per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.17) to ($0.11). Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Navitas Semiconductor.
Navitas Semiconductor (NASDAQ:NVTS – Get Rating) last posted its quarterly earnings results on Tuesday, February 15th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.27). The firm had revenue of $7.34 million for the quarter, compared to the consensus estimate of $7.40 million.
NVTS opened at $6.94 on Thursday. The firm has a 50 day moving average of $8.58. Navitas Semiconductor has a 1-year low of $6.65 and a 1-year high of $22.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 26.04 and a current ratio of 27.16.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Neumann Advisory Hong Kong Ltd acquired a new position in shares of Navitas Semiconductor in the 4th quarter worth approximately $25,515,000. Summit Partners Public Asset Management LLC bought a new stake in shares of Navitas Semiconductor in the 4th quarter valued at $23,813,000. Invesco Ltd. purchased a new position in shares of Navitas Semiconductor in the 4th quarter worth about $23,502,000. BlackRock Inc. purchased a new position in shares of Navitas Semiconductor in the 4th quarter worth about $18,307,000. Finally, Geode Capital Management LLC purchased a new position in shares of Navitas Semiconductor in the 4th quarter worth about $12,866,000. Hedge funds and other institutional investors own 23.37% of the company’s stock.
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. The company was incorporated in 2013 and is based in Dublin, Ireland.
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