This morning, an unexpected event took place with Navitas Semiconductor (NVTS) stocks: The price of this power management semiconductor company skyrocketed by 28.5% before 9:50 a.m. ET following the announcement of their earnings report date – August 4.
As an ardent follower of the market, I was intrigued when I noticed Navitas’ stock surge following their announcement about reporting earnings on August 4th. It wasn’t so much about what they would report as it was the simple fact that they were reporting at all. Surprisingly, investors are snapping up shares left and right, not knowing whether the upcoming earnings news will bring good or bad tidings. This unexpected enthusiasm is a fascinating study in market dynamics!
What will Navitas report for earnings?
Could the increase in Navitas stock price today be solely due to the announcement of an earnings release date? It’s possible, but there might be other factors at play. For instance, whispers on Wall Street could be influencing the stock’s rise, and I may not be privy to these. For example, many analysts anticipate Navitas to report a $0.05 per-share loss in Q2, so news might have leaked about them performing better than expected.
A hint for you: Seaport Global Securities raised the rating of Texas Instruments (TXN), a major competitor of Navitas in the field of power management chips, according to a note published on StreetInsider.com by Seaport analyst Jay Goldberg. He stated, “We previously believed that the cycle for analog chips would not get better and the economy was weakening. We made a mistake. Although we don’t see any major triggers, it seems now that conditions won’t worsen, and inventories might begin to improve.
Is Navitas stock a buy?
Some investors could potentially interpret those remarks as a sign to consider buying Navitas stock since Seaport is no longer considered a sell. However, if that assumption holds true, it would be prudent for them to reconsider their decision.
Over the course of the last five years, I’ve noticed that Navitas has been in the red, with only brief periods of profitability. According to analysts surveyed by S&P Global Market Intelligence, this trend is expected to continue for the next four years. To my eyes, it appears that Navitas remains a stock best sold rather than held.
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2025-07-21 18:03