Do You Think Navitas Semiconductor Corporation (NVTS) is a Smart Investment Choice? - Yahoo Finance

2 years ago 39

Baron Funds, an concern absorption company, released its “Baron Discovery Fund” 3rd 4th 2022 capitalist letter. A transcript of the aforesaid tin be downloaded here. Compared to the Russell 2000 Growth Index benchmark, which was somewhat positive, the money (institutional shares) was level successful the 3rd quarter. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2022.

In the third-quarter letter, Baron Funds discussed stocks similar Navitas Semiconductor Corporation (NASDAQ:NVTS). Based successful El Segundo, California, Navitas Semiconductor Corporation (NASDAQ:NVTS) is simply a gallium nitride (GaN) powerfulness integrated circuits manufacturer. On October 28, 2022, Navitas Semiconductor Corporation (NASDAQ:NVTS) banal closed astatine $4.2400 per share. One-month instrumentality of Navitas Semiconductor Corporation (NASDAQ:NVTS) was -12.58% and its shares mislaid 64.90% of their worth implicit the past 52 weeks. Navitas Semiconductor Corporation (NASDAQ:NVTS) has a marketplace capitalization of $644.387 million.

Baron Funds made the pursuing remark astir Navitas Semiconductor Corporation (NASDAQ:NVTS) successful its Q3 2022 capitalist letter:

“During the quarter, we purchased further shares of Navitas Semiconductor Corporation (NASDAQ:NVTS), a person successful gallium nitride (GaN) powerfulness semiconductors. We took vantage of what we judge to beryllium a dislocation successful the banal owed to near-term weakness successful mobile telephone demand, particularly successful China. Navitas’ GaN products proceed to spot beardown stock gains driven by its monolithically integrated GaN powerfulness ICs (full powerfulness systems connected a azygous chip), which supply greater reliability and show compared to competitors who proviso discrete (non-integrated) powerfulness devices. Navitas besides remains connected way with its higher-power products targeting information center, renewable energy, and automotive end-markets successful the coming years. Additionally, the institution precocious acquired GeneSiC, a tiny and rapidly increasing silicon carbide (SiC) powerfulness semiconductor designer, which is already shipping its SiC products into Navitas’ targeted higher-power endmarkets and tin leverage Navitas’ existing planetary enactment to accelerate growth. GaN and SiC are highly complementary products, and Navitas is present the lone pure-play one-stop-shop for these vigor businesslike adjacent procreation powerfulness semiconductors. As GaN and SiC powerfulness devices proceed to instrumentality marketplace stock from silicon-based products owed to their improved efficiency, size, and powerfulness density, Navitas volition disproportionately payment arsenic a exertion leader, and we judge the existent banal terms does not bespeak the tremendous maturation accidental implicit the coming decade."

Navitas Semiconductor Corporation (NASDAQ:NVTS) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge money portfolios held Navitas Semiconductor Corporation (NASDAQ:NVTS) astatine the extremity of the 2nd 4th which was 7 successful the erstwhile quarter.

We discussed Navitas Semiconductor Corporation (NASDAQ:NVTS) in another article and shared the database of the champion small-cap semiconductor stocks to buy. In addition, delight cheque retired our hedge money capitalist letters Q3 2022 page for much capitalist letters from hedge funds and different starring investors.