-$0.08 EPS Expected for Navitas Semiconductor Co. (NASDAQ:NVTS) This Quarter

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.

NVTS has been the subject of a number of research reports. CJS Securities initiated coverage on Navitas Semiconductor in a research report on Monday, March 28th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Navitas Semiconductor from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Rosenblatt Securities initiated coverage on Navitas Semiconductor in a research report on Wednesday, February 23rd. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, April 16th. Finally, Needham & Company LLC assumed coverage on Navitas Semiconductor in a research report on Thursday, February 17th. They set a “buy” rating and a $16.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $18.57.

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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