TLDR
- Navitas Semiconductor stock reached a new 52-week high of $16.87, marking a 479.3% increase over one year
- The company announced a partnership with Nvidia to provide gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for next-generation AI data centers
- Stock surged 78.1% in one week and is up approximately 311% year to date in 2025
- Rosenblatt Securities downgraded the stock from Buy to Neutral with a $12 price target, citing concerns about premature market expectations for 800VDC data center deployments
- Chris Allexandre will become the new President and CEO effective September 1, 2025, replacing co-founder Gene Sheridan
Navitas Semiconductor Corp reached a 52-week high of $16.87, capping off a remarkable year of growth for the power semiconductor company. The stock has climbed 479.3% over the past year and posted a 705% return over six months.
Navitas Semiconductor Corporation, NVTS
The recent surge came after Navitas announced on October 13 that it would supply power semiconductors for Nvidia’s next-generation artificial intelligence factory computing platform. The stock jumped 78.1% in a single week following the news.
The partnership centers on Navitas providing gallium nitride (GaN) and silicon carbide (SiC) power devices designed for 800 VDC systems. These chips will help address power distribution challenges in AI data centers, which require higher power densities than traditional computing systems.
Nvidia remains the dominant player in advanced graphics processing units for AI applications. Landing this partnership represents a win for Navitas as demand for AI infrastructure continues to grow.
The company’s market capitalization now stands at roughly $3.1 billion. At current prices, Navitas trades at approximately 64 times this year’s expected sales.
Leadership Changes and Analyst Views
Navitas announced that Chris Allexandre will take over as President and CEO on September 1, 2025. He will succeed co-founder Gene Sheridan in the role.
Despite the stock’s strong performance, Rosenblatt Securities downgraded Navitas from Buy to Neutral. The firm maintained its $12 price target on the shares.
The downgrade reflects concerns about timing. Analysts believe market expectations for 800VDC data center architecture may be getting ahead of reality. Initial deployments aren’t expected to begin until 2027.
Financial Performance and Outlook
Navitas guided for $10 million in revenue for the third quarter. This represents a decline from the $14.5 million the company reported in the second quarter.
The sequential drop in sales shows the uneven revenue patterns common among smaller chip companies in early growth stages. InvestingPro data shows the company maintains more cash than debt on its balance sheet. The current ratio stands at 8.23.
Analysts have recently revised earnings expectations downward for the company. The stock’s RSI indicates it may be in overbought territory following the recent rally.
Year to date in 2025, Navitas shares have soared more than 310%. The stock is now trading above its fair value according to some analysis metrics.
Navitas closed at $17.11 on October 20, up 16.75% for the day. The day’s trading range spanned from $14.82 to $17.42. Volume reached 35.7 million shares, slightly below the average daily volume of 36.6 million shares.
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