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Navitas Semiconductor Corp stock reached a new 52-week high, trading at $9.53, marking a dramatic rise from its 52-week low of $1.52. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 8.23, indicating robust short-term financial health. This milestone reflects a significant surge in the company’s stock value over the past year. The stock has experienced a remarkable 244.31% increase in its 1-year change, highlighting a period of strong performance and investor confidence. This upward trajectory underscores the company’s growth and market potential, as it continues to capture attention in the semiconductor industry. However, InvestingPro analysis suggests the stock is currently trading above its Fair Value, with analysts revising earnings expectations downward for the upcoming period. For deeper insights into Navitas’s valuation and growth prospects, discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Navitas Semiconductor announced that Chris Allexandre will take over as President and CEO, effective September 1, 2025. This leadership change follows the departure of co-founder Gene Sheridan, who will step down after an 11-year tenure. Rosenblatt reiterated its Buy rating for Navitas, setting a price target of $8.00, despite a recent CEO transition announcement. However, the firm lowered its previous price target from $10.00 after Navitas issued third-quarter guidance that fell below consensus estimates.
Craig-Hallum downgraded Navitas to Hold, citing "poor 3Q sales guidance" due to several factors, including tariff issues affecting silicon carbide products and changes in the Chinese electric vehicle market. The firm set a new price target of $6.00. On a more positive note, Needham raised its price target for Navitas to $8.00 from $3.00, maintaining a Buy rating. Despite results that aligned with expectations, Needham noted that near-term estimates might be compressed due to the company’s restructuring of its Mobile business and ongoing tariff uncertainties.
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