Navitas Plunges 50% in a Year: Should You Buy, Sell or Hold the Stock?

Navitas Semiconductor (NVTS) shares have plunged 49.8% in the trailing 12-month period, underperforming the Zacks Computer & Technology sector’s 27.8% return and the Zacks Electronics Semiconductors industry’s appreciation of 56.8%.Shares of this gallium nitride (GaN) power ICs and silicon carbide (SiC) technology provider have underperformed industry peers including Marvell Technology (MRVL) , Broadcom (AVGO) and Credo Technology (CRDO) over the same timeframe. Shares of Marvell, Broadcom and Credo appreci ...