纳维半导体因“加剧”阻力而削减摩根士丹利

2025-04-07 20:44

Navitas Semiconductor (NASDAQ:NVTS) was in focus on Monday as Morgan Stanley downgraded the processor company, citing “intensifying” headwinds.
Shares fell 8.3% in premarket trading, in line with a broader market sell off.
“STMicro (STM), Infineon (INFNNY), and Renesas have all made inroads into [the gallium nitride market] via acquisitions and partnerships,” analyst Joseph Moore wrote in a note to clients. “While these larger players may expedite the adoption of [gallium nitride] in markets outside smartphone chargers and expand the [total addressable market], we expect these opportunities to be captured by more established power semi providers rather than Navitas given their supply assurance and automotive qualification experience.”
Moore lowered his rating on Navitas to Underweight from Equal-Weight and cut his price target to $1.50 from $2.10.
As a result of the added competition in the gallium nitride market, Moore said he now expects the market to grow 38% on a compound annual rate through 2028, down from a previous 55%.

More on Navitas Semiconductor