Should I buy or sell Navitas Semiconductor stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Navitas Semiconductor in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

6 brokerages have issued 12 month price objectives for Navitas Semiconductor's stock. Their NVTS share price targets range from $6.90 to $12.00. On average, they anticipate the company's share price to reach $9.82 in the next year. This suggests a possible upside of 154.3% 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 2024?

Navitas Semiconductor's stock was trading at $8.07 at the beginning of the year. Since then, NVTS shares have decreased by 52.2% and is now trading at $3.86. View the best growth stocks for 2024 here .

When is Navitas Semiconductor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our NVTS earnings forecast .

How were Navitas Semiconductor's earnings last quarter?

Navitas Semiconductor Co. (NASDAQ:NVTS) announced its quarterly earnings data on Thursday, February, 29th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The firm earned $26.06 million during the quarter, compared to analysts' expectations of $25.68 million. Navitas Semiconductor had a negative trailing twelve-month return on equity of 18.81% and a negative net margin of 183.04%.

What ETFs hold Navitas Semiconductor's stock?

ETFs with the largest weight of Navitas Semiconductor (NASDAQ:NVTS) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD) and Invesco WilderHill Clean Energy ETF (PBW) . First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) .

What guidance has Navitas Semiconductor issued on next quarter's earnings?

Navitas Semiconductor issued an update on its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $22.5 million-$23.5 million, compared to the consensus revenue estimate of $24.7 million.

Who are Navitas Semiconductor's major shareholders?

Navitas Semiconductor's stock is owned by a number of retail and institutional investors. Top institutional investors include 180 Wealth Advisors LLC (0.02%). Insiders that own company stock include Daniel M Kinzer, David Moxam, Dipender Saluja, Eugene Sheridan, Gary Kent Wunderlich Jr, Ranbir Singh, Richard J Hendrix 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:NVTS

Navitas Semiconductor (NVTS) Stock Price, News & Analysis

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Free NVTS Stock Alerts

$3.86

-0.04 (-1.03%)

(As of 04/18/2024 ET)

Compare

Today's Range: $3.82
▼
$4.01
50-Day Range: $3.90
▼
$6.81
52-Week Range: $3.80
▼
$11.16

Volume: 1.70 million shs
Average Volume: 2.93 million shs
Market Capitalization: $691.92 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.82

Get Navitas Semiconductor alerts:

Navitas Semiconductor MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 154.3% Upside
$9.82 Price Target
Short Interest: Bearish
18.51% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.06
Based on 4 Articles This Week
Insider Trading: Selling Shares
$352,459 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.46) to ($0.39) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.39 out of 5 stars

Computer And Technology Sector

494th out of 590 stocks

Semiconductors & Related Devices Industry

78th out of 87 stocks

3.3

Analyst's Opinion

Consensus Rating
Navitas Semiconductor has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Navitas Semiconductor has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
18.51% 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 7.2.
Change versus previous month
Short interest in Navitas Semiconductor has recently increased by 13.08%, indicating that investor sentiment is decreasing significantly.

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.

1.1

News and Social Media Coverage

News Sentiment
Navitas Semiconductor has a news sentiment score of -0.06. 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 lower news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Navitas Semiconductor this week, compared to 2 articles on an average week.
Search Interest
Only 40 people have searched for NVTS on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.
MarketBeat Follows
Only 29 people have added Navitas Semiconductor to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% compared to the previous 30 days.

3.3

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 $352,459.00 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
46.14% of the stock of Navitas Semiconductor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Navitas Semiconductor are expected to grow in the coming year, from ($0.46) to ($0.39) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Navitas Semiconductor is -4.39, 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 -4.39, 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 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Navitas Semiconductor Stock (NASDAQ:NVTS)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NVTS Stock News Headlines

April 18, 2024 | globenewswire.com

Navitas & Virtual Forest Join Hands to Advance Net-Zero in Agriculture

April 15, 2024 | investorplace.com

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Navitas Semiconductor: End Market Demand Continues To Be Strong

March 27, 2024 | globenewswire.com

Navitas Delivers Grid-Connected Energy with 3.3 kV SiC and Bi-directional GaN ICs at PE International 2024

March 24, 2024 | investorplace.com

7 Unknown Penny Growth Stocks That Are About to Pop 1,000%

March 16, 2024 | finance.yahoo.com

NVTS Apr 2024 6.000 put

March 15, 2024 | stockhouse.com

Navitas "Electrify Our World(TM)" at Asia's Premier Charging Expo

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Navitas Semiconductor: Technology, Markets, Management

March 13, 2024 | finance.yahoo.com

Navitas “Electrify Our World™” at Asia’s Premier Charging Expo

March 13, 2024 | globenewswire.com

Navitas “Electrify Our World™” at Asia's Premier Charging Expo

March 11, 2024 | seekingalpha.com

Growth, Market Leadership Portend A Bright Future For Navitas

March 11, 2024 | globenewswire.com

Navitas GaN and SiC Technologies to Enable Next-Gen AI Power Delivery

March 11, 2024 | investorplace.com

3 Semiconductor Stock Picks to 5X Your Investment by 2030

March 6, 2024 | finance.yahoo.com

NVTS Apr 2024 5.000 put

March 6, 2024 | finance.yahoo.com

NVTS Sep 2024 10.000 call

March 3, 2024 | investing.com

Navitas Semiconductor stock target cut to $10, maintains buy rating

March 2, 2024 | finance.yahoo.com

Navitas Semiconductor Corporation (NASDAQ:NVTS) Q4 2023 Earnings Call Transcript

March 1, 2024 | markets.businessinsider.com

Optimistic Growth Forecast for Navitas Semiconductor Amidst Expanding Market Reach and Rebound Potential

February 29, 2024 | benzinga.com

Recap: Navitas Semiconductor Q4 Earnings

February 29, 2024 | finance.yahoo.com

Navitas Semiconductor Corp (NVTS) Reports Record Revenue Growth in Q4 and Full Year 2023

February 29, 2024 | globenewswire.com

Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results

February 27, 2024 | investorplace.com

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February 23, 2024 | investorplace.com

Wall Street Favorites: 3 Russell 2000 Stocks with Strong Buy Ratings for February 2024

February 22, 2024 | benzinga.com

Navitas Semiconductor Stock (NASDAQ:NVTS), Short Interest Report

February 21, 2024 | globenewswire.com

Navitas Powers Samsung Galaxy S24 with Integrated AI

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:NVTS
CUSIP: N/A
CIK: 1821769
Web: navitassemi.com
Phone: 844-654-2642
Fax: N/A
Employees: 314
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $9.82
High Stock Price Target: $12.00
Low Stock Price Target: $6.90
Potential Upside/Downside: +154.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.88)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-145,430,000.00
Net Margins: -183.04%
Pretax Margin: -184.34%
Return on Equity: -18.81%
Return on Assets: -15.21%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.14
Quick Ratio: 3.68

Sales & Book Value

Annual Sales: $79.46 million
Price / Sales: 8.71
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.12 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 179,253,000
Free Float: 113,288,000
Market Cap: $691.92 million
Optionable: Optionable
Beta: 2.54

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Key Executives

Mr. Eugene A. Sheridan (Age 57)
Co-Founder, CEO, President & Chairman
Comp: $705.95k
Mr. Daniel M. Kinzer (Age 66)
Co-Founder, CTO, COO & Director
Comp: $535.12k
Dr. Ranbir Singh Ph.D. (Age 54)
Executive Vice President of GeneSiC Business
Comp: $382.67k
Mr. Nicholas Fichtenbaum Ph.D.
Co-Founder & VP of Engineering
Mr. Jason Zhang
Co-Founder & VP of Applications & Technical Marketing
Ms. Janet Tao Chou (Age 52)
Executive VP, CFO & Treasurer
Mr. Stephen Oliver
Vice President of Corporate Marketing & Investor Relations
Mr. Paul D. Delva
Senior VP, General Counsel & Secretary
Mr. David W. Carroll (Age 63)
Senior VP of Worldwide Sales
Mr. Todd H. Glickman (Age 40)
Senior Vice President of Finance
Comp: $579.67k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NVTS Stock Analysis - Frequently Asked Questions

Should I buy or sell Navitas Semiconductor stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Navitas Semiconductor in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?: 6 brokerages have issued 12 month price objectives for Navitas Semiconductor's stock. Their NVTS share price targets range from $6.90 to $12.00. On average, they anticipate the company's share price to reach $9.82 in the next year. This suggests a possible upside of 154.3% 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 2024?: Navitas Semiconductor's stock was trading at $8.07 at the beginning of the year. Since then, NVTS shares have decreased by 52.2% and is now trading at $3.86.
View the best growth stocks for 2024 here.
When is Navitas Semiconductor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our NVTS earnings forecast.
How were Navitas Semiconductor's earnings last quarter?: Navitas Semiconductor Co. (NASDAQ:NVTS) announced its quarterly earnings data on Thursday, February, 29th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The firm earned $26.06 million during the quarter, compared to analysts' expectations of $25.68 million. Navitas Semiconductor had a negative trailing twelve-month return on equity of 18.81% and a negative net margin of 183.04%.

What ETFs hold Navitas Semiconductor's stock?: ETFs with the largest weight of Navitas Semiconductor (NASDAQ:NVTS) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD) and Invesco WilderHill Clean Energy ETF (PBW).First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
What guidance has Navitas Semiconductor issued on next quarter's earnings?: Navitas Semiconductor issued an update on its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $22.5 million-$23.5 million, compared to the consensus revenue estimate of $24.7 million.
Who are Navitas Semiconductor's major shareholders?: Navitas Semiconductor's stock is owned by a number of retail and institutional investors. Top institutional investors include 180 Wealth Advisors LLC (0.02%). Insiders that own company stock include Daniel M Kinzer, David Moxam, Dipender Saluja, Eugene Sheridan, Gary Kent Wunderlich Jr, Ranbir Singh, Richard J Hendrix 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NVTS) was last updated on 4/19/2024 by MarketBeat.com Staff

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