Shares of Navitas Semiconductor Corp (NVTS) are trading -8% lower at a price of $5.79 at the time of this writing. While it's generally been a slightly glum day for this part of the market, the company is wavering behind it's peers in the Information Technology sector.

Navitas Semiconductor Corp has been trading between a 52-week high of $22.19 and a 52-week low of $3.51. The stock has a market cap of $728 Million.

Navitas Semiconductor is the industry leader in GaN power ICs, founded in 2014. GaN power ICs integrate GaN power with drive, control and protection to enable faster charging, higher power density and greater energy savings for mobile, consumer, enterprise, eMobility and new energy markets. Over 130 Navitas patents are issued or pending, and over 30 million GaNFast power ICs have been shipped with zero reported GaN field failures.

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