Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect Navitas Semiconductor to post earnings of ($0.04) per share for the quarter. Navitas Semiconductor has set its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Navitas Semiconductor had a negative return on equity of 18.81% and a negative net margin of 183.04%. The company had revenue of $26.06 million for the quarter, compared to the consensus estimate of $25.68 million. On average, analysts expect Navitas Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Navitas Semiconductor Trading Up 3.2 %
NASDAQ NVTS opened at $4.80 on Tuesday. Navitas Semiconductor has a fifty-two week low of $3.54 and a fifty-two week high of $11.16. The stock has a 50 day simple moving average of $4.65 and a two-hundred day simple moving average of $5.96.
Analyst Ratings Changes
Get Our Latest Research Report on NVTS
Insider Activity
In related news, EVP Ranbir Singh sold 10,925 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.80, for a total value of $52,440.00. Following the transaction, the executive vice president now directly owns 29,357 shares of the company’s stock, valued at approximately $140,913.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Navitas Semiconductor news, EVP Ranbir Singh sold 10,925 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.80, for a total transaction of $52,440.00. Following the transaction, the executive vice president now owns 29,357 shares in the company, valued at approximately $140,913.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eugene Sheridan sold 38,431 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.80, for a total transaction of $184,468.80. Following the transaction, the chief executive officer now owns 3,061,631 shares in the company, valued at approximately $14,695,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 73,429 shares of company stock worth $352,459 over the last 90 days. 36.80% of the stock is currently owned by insiders.
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.
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