Navitas Semiconductor Corp. (NVTS) disclosed on July 8, 2026, that it issued a press release addressing a patent infringement complaint filed by Wolfspeed. The company reported the development under Item 7.01, Regulation FD Disclosure, indicating that the announcement was intended as a public communication to investors and the market regarding the litigation matter. The filing does not include the text of the press release itself in the provided document, so the specific allegations by Wolfspeed, the patents at issue, the venue of the complaint, and Navitas’s detailed response are not disclosed in the available filing text. However, the action reported is clear: Navitas publicly responded to or commented on Wolfspeed’s patent infringement complaint through a press release dated July 8, 2026, attached as Exhibit 99.1. No securities transaction, insider trading activity, equity issuance, option grant, vesting event, share count, or price information was reported in this Form 8-K. The filing is not about changes in ownership or capital structure; it is a litigation-related corporate communication. Navitas also stated that the information furnished under Item 7.01 is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and is not automatically incorporated by reference into other Securities Act or Exchange Act filings unless specifically referenced. The report was signed on behalf of Navitas by Chris Allexandre, the company’s President and Chief Executive Officer, on July 8, 2026.
Stock detail
Navitas (NVTS) stock price, chart, and key data
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Stock detail
Navitas
NVTS · XNAS
+$4.94 (+40.03%) past day
$17.28
Overnight $17.26 (-0.12%)
Key metrics
Financials
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Operating income & Operating cash flow
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Total assets & Total liabilities
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Total equity & Shares outstanding
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Day range
$10.92 - $12.34
Close price
$12.03
Market cap
$2.9B
P/E ratio
-115.17
Financials
FY2026 Q1Operating income
-$27M
Operating cash flow
-$16M
EPS
-0.15
Shares outstanding
233.7M
Total assets
$481M
Total equity
$420M
Total liabilities
$61M
About the company
Navitas Semiconductor
Navitas Semiconductor Corp develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. GaN power ICs integrate GaN power with drive, control, and protection to enable fast charging, high power density, and energy savings for mobile, consumer, enterprise, eMobility, and new energy markets. The company operates as one reportable segment, the design, development, manufacture, and marketing of integrated circuits and related components. Geographically, the company operates in Hong Kong, China, Europe, the United States, Rest of Asia, and Others. The majority of revenue is generated from Hong Kong.
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Mean target
$16.93
2
Buy
/ 5
Recent calls
07/20/2026
Rosenblatt Securities
Kevin Cassidy
Hold · Price target $13.00
07/06/2026
Craig-Hallum
Richard Shannon
Hold
05/06/2026
Needham
Quinn Bolton
Buy · Price target $21.00
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