Navitas Semiconductor Co. (NASDAQ:NVTS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Navitas Semiconductor Co. ( NASDAQ:NVTS – Get Free Report ) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports.

Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.75.



NVTS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Navitas Semiconductor from $6.00 to $4.

00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC dropped their price objective on shares of Navitas Semiconductor from $7.00 to $5.

00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Morgan Stanley dropped their price objective on shares of Navitas Semiconductor from $4.60 to $3.

50 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $7.50 price objective on shares of Navitas Semiconductor in a research report on Thursday, October 31st.

Finally, Robert W. Baird cut their target price 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. Get Our Latest Stock Analysis on Navitas Semiconductor Hedge Funds Weigh In On Navitas Semiconductor Navitas Semiconductor Stock Performance NASDAQ NVTS opened at $2.75 on Monday.

Navitas Semiconductor has a one year low of $1.75 and a one year high of $8.44.

The firm has a 50 day simple moving average of $2.37 and a 200-day simple moving average of $3.17.

The firm has a market cap of $513.70 million, a price-to-earnings ratio of -6.55 and a beta of 2.

36. Navitas Semiconductor ( NASDAQ:NVTS – Get Free Report ) last posted its earnings results on Monday, November 4th. The company reported ($0.

06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Navitas Semiconductor had a negative return on equity of 23.

64% and a negative net margin of 84.61%. The firm had revenue of $21.

68 million during the quarter, compared to analysts’ expectations of $21.93 million. During the same quarter in the previous year, the business earned ($0.

10) earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year.

Equities analysts predict that Navitas Semiconductor will post -0.51 EPS for the current fiscal year. Navitas Semiconductor Company Profile ( Get Free Report 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. Recommended Stories Receive News & Ratings for Navitas Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navitas Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter .

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