Navitas Semiconductor (NVTS) to Release Earnings on Monday

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $19.03 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Navitas Semiconductor Stock Performance

NASDAQ NVTS traded down $0.23 during trading on Friday, hitting $3.17. 3,116,785 shares of the company's stock traded hands, compared to its average volume of 3,454,686. The stock has a market capitalization of $592.14 million, a price-to-earnings ratio of -7.55 and a beta of 2.20. Navitas Semiconductor has a 12-month low of $1.75 and a 12-month high of $7.40. The business has a 50 day moving average of $3.33 and a 200-day moving average of $2.89.

Analysts Set New Price Targets

NVTS has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on shares of Navitas Semiconductor from $7.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Navitas Semiconductor from $6.00 to $4.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $5.00 price target on shares of Navitas Semiconductor in a report on Thursday. Finally, Craig Hallum cut their price target on Navitas Semiconductor from $6.50 to $4.25 and set a "buy" rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.39.

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Richard J. Hendrix sold 80,000 shares of Navitas Semiconductor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $4.04, for a total transaction of $323,200.00. Following the completion of the sale, the director now owns 356,709 shares of the company's stock, valued at approximately $1,441,104.36. This trade represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.80% of the company's stock.

Navitas Semiconductor Company Profile

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.