Navitas Semiconductor (NVTS) to Release Earnings on Thursday

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $19.03 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Navitas Semiconductor Stock Performance

NASDAQ NVTS traded up $0.06 on Friday, reaching $2.44. 4,063,078 shares of the stock traded hands, compared to its average volume of 4,325,678. Navitas Semiconductor has a 12 month low of $1.75 and a 12 month high of $7.40. The company has a market cap of $455.78 million, a price-to-earnings ratio of -5.81 and a beta of 2.20. The company has a fifty day moving average price of $3.27 and a 200-day moving average price of $2.87.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVTS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Navitas Semiconductor from $6.00 to $4.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $5.00 price target on shares of Navitas Semiconductor in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $4.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, February 25th. Craig Hallum lowered their target price on Navitas Semiconductor from $6.50 to $4.25 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird cut their price target on Navitas Semiconductor from $7.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $4.25.

Insider Buying and Selling at Navitas Semiconductor

In other news, Director Richard J. Hendrix sold 80,000 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $4.04, for a total value of $323,200.00. Following the completion of the sale, the director now owns 356,709 shares of the company's stock, valued at $1,441,104.36. This trade represents a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd Glickman sold 13,644 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $2.59, for a total value of $35,337.96. Following the transaction, the chief financial officer now owns 684,497 shares in the company, valued at approximately $1,772,847.23. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,288 shares of company stock worth $575,476 over the last three months. Corporate insiders own 31.80% of the company's stock.

About Navitas Semiconductor

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.