Wall Street analysts expect Navitas Semiconductor Co. (NASDAQ:NVTS – Get Rating) to report earnings per share of ($0.08) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Navitas Semiconductor’s earnings. The business is scheduled to issue its next earnings results after the market closes on Monday, January 1st.
On average, 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 anticipate that the business will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.17) to ($0.11). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Navitas Semiconductor.
Navitas Semiconductor (NASDAQ:NVTS – Get Rating) last announced its 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 during the quarter, compared to the consensus estimate of $7.40 million.
Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new position in shares of Navitas Semiconductor during the 4th quarter worth approximately $47,000. Bank of America Corp DE acquired a new position in shares of Navitas Semiconductor during the 4th quarter worth approximately $66,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Navitas Semiconductor during the 4th quarter worth approximately $68,000. Privium Fund Management B.V. acquired a new position in shares of Navitas Semiconductor during the 1st quarter worth approximately $103,000. Finally, Asset Planning Services Inc. LA ADV acquired a new position in shares of Navitas Semiconductor during the 1st quarter worth approximately $105,000. 23.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:NVTS traded up $0.24 during midday trading on Thursday, reaching $5.81. The company’s stock had a trading volume of 1,284,316 shares, compared to its average volume of 1,295,419. Navitas Semiconductor has a fifty-two week low of $5.34 and a fifty-two week 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. The stock’s fifty day simple moving average is $8.37.
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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