Navitas Semiconductor (NVTS)
Designs GaN and high-voltage SiC power chips for data centers, grids, and industrial systems.
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Designs GaN power ICs, high-voltage SiC devices, controllers, and isolators for AI data centers, grid infrastructure, performance computing, and industrial electrification. Revenue is concentrated through distributors, while a fabless model relies on foundry, assembly, and testing partners across the United States and Asia.
Designs GaNFast gallium-nitride power ICs, GeneSiC high-voltage silicon-carbide MOSFETs and diodes, plus silicon controllers and digital isolators for power conversion. GaN serves high-frequency, high-density conversion, while SiC addresses high- and ultra-high-voltage systems. The portfolio now focuses on AI data centers, energy and grid infrastructure, performance computing, and industrial electrification.
Operates globally from Torrance, California, with a broad Asia footprint; revenue is concentrated in Hong Kong and routed mainly through component distributors. Its fabless model outsources wafer fabrication, assembly, and testing: TSMC and GlobalFoundries support GaN fabrication, X-Fab supports SiC, and Asian subcontractors handle most assembly. Results therefore depend on partner capacity, cost, yield, and operational execution.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $13.70 | Target: $12.60 |
| Jul 28, 2026 | Jefferies | Target | Target: — | Target: $13 |
| May 6, 2026 | Needham | Reiterate | Rating: —Target: $4 | Target: $21 |
| May 6, 2026 | Morgan Stanley | Target | Target: $4.40 | Target: $13.70 |
| May 4, 2026 | Robert W. Baird | Target | Target: $4 | Target: $20 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $557.4M · Total debt $5.1M · Total assets $832.4M · Shareholders' equity $801.4M
- Revenue
- $10.5M
- Operating income
- −$27.2M
- Net income
- −$228.2M
No dividends on record.
| Institutions | ≈ 58.56% | 136.86M shares | |
|---|---|---|---|
| 401 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 12.97% | 30.32M shares | |
| 13 holders · as of Aug 26, 2026 | |||
| Strategic holders | 10.44% | 24.39M shares | |
| 1 holder · as of May 30, 2025 | |||
| Other | ≈ 18.03% | 42.15M shares | |
| remainder | |||
233.71M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (233.71M in the company's Sep 22, 2026 report, 261.09M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
SiCPower, LLCStrategic10 percent owner | 10.44% | 24.39M | filed May 30, 2025 |
BlackRock, Inc.Institution | 6.95% | 16.24M | as of Jun 30, 2026 |
Ranbir SinghInsiderdirector | 6.39% | 14.94M | filed May 29, 2026 |
D. E. Shaw & Co., Inc.Institution | 4.10% | 9.58M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.85% | 9.00M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Richard J. Hendrix | director | −33,649 | $29.66 |
| May 28, 2026 | Richard J. Hendrix | director | −110,165 | $28.96 |
| May 28, 2026 | Gary Kent JR Wunderlich | director | −108,165 | $28.12 |
| May 28, 2026 | Ranbir Singh | director | −664,058 | $28.72 |
| May 27, 2026 | Ranbir Singh | director | −3,060,118 | $29.29 |
- Power Integrations
GaN power IC rival in chargers and AI data-center power
- Texas Instruments
Integrated GaN and power-management scale for data centers
- ON Semiconductor
SiC, vertical GaN, and silicon power across AI and EVs
- STMicroelectronics (ADR)
SiC and silicon power scale for EV, industrial, and AI uses
- Wolfspeed
SiC pure-play pressure in high-voltage power markets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Navitas Semiconductor | $12.23 | +0.53% | $3.17B | — | — | 86.9 | −27.3% |
| Power Integrations | $51.84 | +4.71% | $2.76B | 111.3 | 30.9 | 6.1 | +2.7% |
| Texas Instruments | $270.63 | −0.09% | $247.37B | 41.2 | 28.4 | 12.7 | +22.8% |
| ON Semiconductor | $72.53 | +1.13% | $27.92B | 46.0 | 18.6 | 4.5 | +9.2% |
| STMicroelectronics (ADR) | $53.01 | +2.67% | $46.08B | 101.2 | 26.6 | 3.5 | +24.4% |
| Wolfspeed | $28.31 | +2.17% | $1.44B | — | — | 2.2 | −24.1% |
| Median | 73.6 | 27.5 | 4.5 | +9.2% |