Navitas Semiconductor will report Q4 and 2024 results on February 24, 2025, with a conference call afterward.
Quiver AI Summary
Navitas Semiconductor announced it will release its fourth quarter and full year 2024 financial results on February 24, 2025, after market close. A conference call and webcast will take place at 2:00 p.m. Pacific / 5:00 p.m. Eastern the same day, where management will discuss the results and answer analyst questions. Following this announcement, Navitas executives will participate in several investor events, including the Susquehanna Technology Conference on February 28, Morgan Stanley's Technology, Media & Telecom Conference on March 3, and the Roth Conference on March 17. Founded in 2014, Navitas specializes in next-generation power semiconductors, particularly with its GaNFast™ power ICs and GeneSiC™ devices, and holds over 300 patents, promoting energy-efficient solutions across various industries.
Potential Positives
- Navitas Semiconductor will provide important financial results for Q4 and full year 2024, allowing investors and analysts to assess the company's performance and strategy.
- The company's participation in multiple upcoming investor events indicates active engagement with the financial community, potentially enhancing visibility and attracting interest from investors.
- Navitas holds over 300 patents, showcasing its commitment to innovation and strengthening its competitive position in the semiconductor market.
Potential Negatives
- Company did not disclose any preliminary financial performance indicators, which may raise concerns about transparency and lead to speculation regarding potential underperformance in Q4 and full year 2024 results.
FAQ
When will Navitas Semiconductor report its financial results?
Navitas Semiconductor will report its fourth quarter and full year 2024 financial results after the market close on February 24, 2025.
How can I access the Navitas financial results conference call?
The conference call can be accessed by dialing (800) 715-9871 or (646) 307-1963 with Conference ID: 9791990.
Is there a way to watch the webcast of the financial results presentation?
Yes, a live webcast of the financial results presentation will be available at https://edge.media-server.com/mmc/p/yymvc89s.
What upcoming investor events will Navitas participate in?
Navitas will participate in the Susquehanna Technology Conference, Morgan Stanley Conference, and Roth Conference in February and March 2025.
What technologies does Navitas Semiconductor specialize in?
Navitas specializes in GaNFast™ power ICs and GeneSiC™ power devices for applications in AI datacenters, EVs, solar, and more.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NVTS Insider Trading Activity
$NVTS insiders have traded $NVTS stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $NVTS stock by insiders over the last 6 months:
- EUGENE SHERIDAN (President & CEO) has made 0 purchases and 3 sales selling 912,000 shares for an estimated $2,766,038.
- RICHARD J HENDRIX has made 0 purchases and 5 sales selling 165,000 shares for an estimated $666,580.
- DANIEL M. KINZER (COO and CTO) sold 150,000 shares for an estimated $465,045
- GARY KENT JR WUNDERLICH has made 0 purchases and 3 sales selling 100,000 shares for an estimated $406,014.
- RANBIR SINGH sold 34,642 shares for an estimated $147,914
- DAVID MOXAM sold 33,000 shares for an estimated $103,260
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NVTS Hedge Fund Activity
We have seen 76 institutional investors add shares of $NVTS stock to their portfolio, and 79 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC removed 5,962,360 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $14,607,782
- KODAI CAPITAL MANAGEMENT LP removed 4,683,257 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $11,473,979
- GOLDMAN SACHS GROUP INC removed 4,129,122 shares (-75.3%) from their portfolio in Q4 2024, for an estimated $14,740,965
- POINT72 ASSET MANAGEMENT, L.P. added 3,748,124 shares (+87.5%) to their portfolio in Q3 2024, for an estimated $9,182,903
- PENN CAPITAL MANAGEMENT COMPANY, LLC removed 1,679,073 shares (-97.7%) from their portfolio in Q3 2024, for an estimated $4,113,728
- BALYASNY ASSET MANAGEMENT L.P. added 1,390,998 shares (+2061.7%) to their portfolio in Q3 2024, for an estimated $3,407,945
- OBERWEIS ASSET MANAGEMENT INC/ removed 1,013,200 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,482,340
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
TORRANCE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report fourth quarter and full year 2024 financial results after the market close on Monday, February 24th, 2025. Management will host a conference call and live webcast to present the company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific / 5:00 p.m. Eastern that same evening.
Navitas Q4 and Full Year 2024 Financial Results Conference Call and Webcast Information:
When:
Monday, February 24, 2025
Time:
2:00 p.m. Pacific / 5:00 p.m. Eastern
Toll Free Dial-in:
(800) 715-9871 or (646) 307-1963, Conference ID: 9791990
Live Webcast:
https://edge.media-server.com/mmc/p/yymvc89s
Replay:
A replay of the call will be accessible from the Investor Relations section of the Company’s website at
https://ir.navitassemi.com/
.
Following the upcoming earnings call, Navitas Semiconductor will participate in the following upcoming investor events:
Susquehanna:
14
th
Annual Technology Conference
February 28th 1-on-1 meetings with Todd Glickman, CFO.
Location: Virtual.
Attendance: via Susquehanna representative.
Morgan Stanley: Technology, Media & Telecom Conference
March 3rd meetings with Gene Sheridan, CEO, and Todd Glickman, CFO.
Fire-side chat 2:35pm Pacific. Audio webcast via
link
.
Location: The Palace Hotel – San Francisco, CA.
Attendance: via Morgan Stanley representative.
Roth: 37
th
Annual Roth Conference
March 17th 1-on-1 meetings with Todd Glickman, CFO.
Location: Laguna Cliffs Marriot – Dana Point, CA.
Attendance: via Roth representative.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, celebrating 10 years of power innovation founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary GeneSiC™ power devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include AI datacenters, EV, solar, energy storage, home appliance / industrial, mobile and consumer. Over 300 Navitas patents are issued or pending, with the industry’s first and only 20-year GaNFast warranty . Navitas was the world’s first semiconductor company to be CarbonNeutral ® -certified .
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact Information
Llew Vaughan-Edmunds, Sr Director, Product Management & Marketing
[email protected]
Stephen Oliver, VP Investor Relations
[email protected]
An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b449d257-d965-4d69-a5b5-46a3b124aa5f
