Key Points
- CEO Daniel Baker sold 1,155 shares on Jan. 27 at an average price of $74.04 for about $85,516, trimming his stake by 1.89% to 60,031 shares (valued ~ $4.44M); the sale was disclosed in an SEC filing.
- NVE declared a quarterly dividend of $1.00 per share (annualized $4.00) with an ex-dividend date of Feb. 2 and payment on Feb. 27, implying a 5.6% yield but a high payout ratio of 136.99%.
- Recent financials: NVE reported $0.70 EPS for the quarter with a 54.6% net margin, ROE of 23.47% and revenue of $6.22M; the stock has a market cap of ~$348.7M and a PE of 24.67, trading in a 52-week range of $51.50–$82.30.
NVE Corporation (NASDAQ:NVEC - Get Free Report) CEO Daniel Baker sold 1,155 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $74.04, for a total value of $85,516.20. Following the completion of the transaction, the chief executive officer owned 60,031 shares in the company, valued at approximately $4,444,695.24. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NVE Stock Performance
Shares of NASDAQ NVEC opened at $72.05 on Friday. The stock's 50-day simple moving average is $66.31 and its 200-day simple moving average is $66.80. The firm has a market capitalization of $348.72 million, a PE ratio of 24.67 and a beta of 1.24. NVE Corporation has a fifty-two week low of $51.50 and a fifty-two week high of $82.30.
NVE (NASDAQ:NVEC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The semiconductor company reported $0.70 EPS for the quarter. NVE had a net margin of 54.59% and a return on equity of 23.47%. The company had revenue of $6.22 million for the quarter.
NVE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 5.6%. The ex-dividend date is Monday, February 2nd. NVE's dividend payout ratio (DPR) is currently 136.99%.
Hedge Funds Weigh In On NVE
Institutional investors have recently modified their holdings of the business. Handelsbanken Fonder AB raised its position in NVE by 2,103.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 63,027 shares of the semiconductor company's stock valued at $4,114,000 after purchasing an additional 60,167 shares during the last quarter. Isthmus Partners LLC increased its stake in NVE by 16.4% in the third quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company's stock valued at $3,329,000 after purchasing an additional 7,186 shares during the period. Jane Street Group LLC purchased a new stake in shares of NVE in the first quarter valued at about $351,000. State of Tennessee Department of Treasury raised its holdings in shares of NVE by 137.4% in the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company's stock valued at $486,000 after buying an additional 3,818 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of NVE by 3.7% during the second quarter. Rhumbline Advisers now owns 81,310 shares of the semiconductor company's stock worth $5,985,000 after buying an additional 2,891 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of NVE in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on NVEC
NVE Company Profile
(
Get Free Report)
NVE Corporation (NASDAQ:NVEC) is a technology company specializing in the development, manufacturing, and marketing of spintronic products. The company's core expertise lies in magnetoresistive sensing and magnetic-field-based digital isolation, leveraging patented spin-valve and tunneling magnetoresistance technologies to deliver high-performance, low-power solutions.
NVE's product portfolio includes magnetic sensors for current, position, and angle sensing applications, as well as micro-isolators and digital isolators that provide galvanic isolation in industrial, automotive, medical, instrumentation, and consumer electronics systems.
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