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Navitas Semiconductor Corp (NASDAQ:NVTS)’s stock reached a 52-week high, hitting $9.18, marking a significant milestone for the $1.75 billion market cap company. According to InvestingPro data, the stock has shown remarkable momentum with a 15.67% gain just last week. Over the past year, the stock has seen a remarkable 68.49% increase, with an even more impressive 90.73% gain over the past six months. The company maintains strong liquidity with a current ratio of 5.61, though InvestingPro analysis suggests the stock may be overvalued at current levels. With a beta of 3.01, investors should note the stock’s higher volatility compared to the market. For deeper insights, including 12 additional ProTips and comprehensive valuation metrics, explore the full Pro Research Report available on InvestingPro.
In other recent news, Navitas Semiconductor has announced several significant developments. The company reported that shareholders approved all proposals at its 2025 annual meeting, including the reelection of Gene Sheridan, Ranbir Singh, and Cristiano Amoruso as Class I directors. Additionally, KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025. In a strategic move, Navitas has partnered with Powerchip Semiconductor Manufacturing Corporation to produce 200mm gallium nitride on silicon technology, aiming to enhance performance and efficiency in various applications. The collaboration with NVIDIA (NASDAQ:NVDA) to develop an 800V high-voltage direct current architecture for AI data centers has also been a highlight, showcasing Navitas’ technological advancements. Deutsche Bank (ETR:DBKGn) recently downgraded Navitas from Buy to Hold, despite raising its price target, following a 250% surge in shares linked to the NVIDIA partnership. This collaboration is seen as a strong endorsement of Navitas’ technologies. Lastly, Cristiano Amoruso has been appointed to the board of directors, bringing valuable experience as Navitas seeks to expand in sectors like data centers and electric vehicles.
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