Optimistic Investors Push Navitas Semiconductor Corporation (NASDAQ:NVTS) Shares Up 181% But Growth Is Lacking
May 23
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U.S. Semiconductors Industry Analysis
UpdatedMay 27, 2025
DataAggregated Company Financials
Companies121
- 7D-3.3%
- 3M1.8%
- 1Y9.5%
- YTD-5.0%
Over the last 7 days, the Semiconductors industry has dropped 3.3%, driven by a pullback from NVIDIA of 2.3%. On the other hand Rigetti Computing is actually up 18%. This takes the industry's 12 month performance to a gain of 9.5%. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the U.S. Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 27 May 2025 | US$5.9t | US$542.4b | US$109.5b | 25x | 54.3x | 11x |
| Thu, 24 Apr 2025 | US$4.8t | US$537.5b | US$108.9b | 24.1x | 43.9x | 8.9x |
| Sat, 22 Mar 2025 | US$5.5t | US$539.4b | US$108.9b | 29.3x | 50.4x | 10.2x |
| Mon, 17 Feb 2025 | US$6.4t | US$515.6b | US$94.1b | 32.2x | 67.7x | 12.3x |
| Wed, 15 Jan 2025 | US$6.1t | US$513.5b | US$96.7b | 31.1x | 63.3x | 11.9x |
| Fri, 13 Dec 2024 | US$6.2t | US$504.8b | US$92.9b | 31.8x | 66.2x | 12.2x |
| Sun, 10 Nov 2024 | US$6.5t | US$488.3b | US$84.1b | 32.8x | 77.1x | 13.3x |
| Tue, 08 Oct 2024 | US$6.0t | US$489.3b | US$101.8b | 29.5x | 58.7x | 12.2x |
| Thu, 05 Sep 2024 | US$5.2t | US$481.2b | US$104.2b | 27.1x | 50.1x | 10.9x |
| Sat, 03 Aug 2024 | US$5.3t | US$468.0b | US$92.9b | 26x | 56.9x | 11.3x |
| Mon, 01 Jul 2024 | US$6.0t | US$467.9b | US$96.6b | 30.1x | 62.3x | 12.8x |
| Wed, 29 May 2024 | US$5.5t | US$462.6b | US$95.6b | 30.1x | 57.1x | 11.8x |
| Fri, 26 Apr 2024 | US$4.6t | US$445.9b | US$80.9b | 28x | 56.6x | 10.3x |
| Sun, 24 Mar 2024 | US$5.0t | US$448.2b | US$81.2b | 28.8x | 62.1x | 11.3x |
| Tue, 20 Feb 2024 | US$4.4t | US$428.8b | US$71.0b | 29x | 61.5x | 10.2x |
| Thu, 18 Jan 2024 | US$3.7t | US$433.1b | US$69.5b | 25x | 53.2x | 8.5x |
| Sat, 16 Dec 2023 | US$3.6t | US$432.7b | US$70.6b | 25.7x | 50.6x | 8.3x |
| Mon, 13 Nov 2023 | US$3.2t | US$420.7b | US$61.9b | 23.9x | 51x | 7.5x |
| Wed, 11 Oct 2023 | US$3.0t | US$428.2b | US$65.8b | 25.1x | 46.4x | 7.1x |
| Fri, 08 Sep 2023 | US$3.0t | US$428.1b | US$68.7b | 25.5x | 44.2x | 7.1x |
| Sun, 06 Aug 2023 | US$3.1t | US$420.5b | US$63.6b | 23.9x | 48.4x | 7.3x |
| Tue, 04 Jul 2023 | US$3.0t | US$429.1b | US$67.3b | 23.5x | 44.9x | 7x |
| Thu, 01 Jun 2023 | US$2.9t | US$433.6b | US$71.0b | 22.3x | 40.6x | 6.7x |
| Sat, 29 Apr 2023 | US$2.3t | US$437.3b | US$73.8b | 18.5x | 31.6x | 5.3x |
| Mon, 27 Mar 2023 | US$2.4t | US$447.9b | US$90.3b | 17.8x | 26.4x | 5.3x |
| Wed, 22 Feb 2023 | US$2.1t | US$444.6b | US$90.2b | 17.3x | 23.6x | 4.8x |
| Fri, 20 Jan 2023 | US$2.0t | US$447.6b | US$96.4b | 17.4x | 20.4x | 4.4x |
| Sun, 18 Dec 2022 | US$1.9t | US$450.9b | US$98.9b | 16.5x | 19.5x | 4.3x |
| Tue, 15 Nov 2022 | US$2.0t | US$447.9b | US$98.5b | 16.4x | 20.1x | 4.4x |
| Thu, 13 Oct 2022 | US$1.6t | US$439.8b | US$103.8b | 14.5x | 15.3x | 3.6x |
| Sat, 10 Sep 2022 | US$2.0t | US$441.8b | US$105.0b | 18x | 18.6x | 4.4x |
| Mon, 08 Aug 2022 | US$2.2t | US$436.1b | US$104.3b | 19.7x | 21.4x | 5.1x |
| Wed, 06 Jul 2022 | US$1.8t | US$429.2b | US$106.9b | 16.8x | 17x | 4.2x |
| Fri, 03 Jun 2022 | US$2.2t | US$427.9b | US$106.0b | 22.3x | 21x | 5.2x |
Price to Earnings Ratio
21x
Current Industry PE
- Investors are optimistic on the American Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 54.3x which is higher than its 3-year average PE of 43.9x.
- The 3-year average PS ratio of 8.3x is lower than the industry's current PS ratio of 11.0x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 8.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | -2.65% | |
| Tech | -3.23% | |
| Semiconductors | -3.25% | |
| Semiconductors | -3.16% | |
| Semiconductor Equipment | -4.52% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 48.7x.
- Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 10.6% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading close to its 3-year average of 24.4x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RGTI Rigetti Computing | US$14.02 | 17.6% +US$609.7m | 1,235.2% | PS441.9x | |
| NVTS Navitas Semiconductor | US$4.41 | 120.5% +US$462.3m | 21.5% | PS11.4x | |
| LAES SEALSQ | US$3.48 | 7.1% +US$28.1m | 180.6% | PS38.7x | |
| ALAB Astera Labs | US$94.62 | 0.2% +US$26.4m | 37.3% | PE377x | |
| ALMU Aeluma | US$14.14 | 12.8% +US$25.3m | 304.0% | PS61.6x |
