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Stock impact report

Navitas Semiconductor Corporation (NVTS) Traded Lower as the Guidance Fell Short of Expectations [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
A copy of the same can be downloaded here . Strong economic signals and a positive inflation report lifted the market rally during the first quarter. The fund returned 6.25% during the quarter underperforming the 6.92% return of the Russell 2500 Index. However, the fund outperformed the 6.07% returns of the secondary benchmark the Russell 2500 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024. Meridian Contrarian Fund highlighted stocks like Navitas Semiconductor Corporation (NASDAQ: NVTS ) in the first quarter 2024 investor letter. Founded in 2013, Navitas Semiconductor Corporation (NASDAQ:NVTS) designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators. The one-month return of Navitas Semiconductor Corporation (NASDAQ:NVTS) was 12.70%, and its shares lost 12.70% of their value over the last 52 weeks. On June 21, 2024, Navitas S Show less Read more
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