Key Points
- NVE Director Daniel Baker sold 1,500 shares at an average price of $121.50, generating $182,250 and reducing his ownership by 3.24% to 44,803 shares.
- NVE reported quarterly revenue of $11.03 million and earnings of $1.32 per share, with a 57.64% net margin and 30.53% return on equity.
- The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 3.6% yield, while the stock maintains a consensus “Buy” rating.
NVE Corporation (NASDAQ:NVEC - Get Free Report) Director Daniel Baker sold 1,500 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $121.50, for a total value of $182,250.00. Following the transaction, the director directly owned 44,803 shares in the company, valued at $5,443,564.50. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
NVE Stock Performance
NVEC opened at $111.28 on Thursday. The stock has a market capitalization of $538.60 million, a PE ratio of 29.91 and a beta of 1.37. The stock's 50 day moving average price is $106.80 and its 200-day moving average price is $88.03. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00.
NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 EPS for the quarter. NVE had a net margin of 57.64% and a return on equity of 30.53%. The business had revenue of $11.03 million during the quarter.
NVE Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. NVE's dividend payout ratio is presently 107.53%.
Key Stories Impacting NVE
Here are the key news stories impacting NVE this week:
- Negative Sentiment: Director Daniel A. Baker sold 1,500 NVE shares at an average price of $121.50, generating approximately $182,250. The sale reduced his holdings by 3.24%, leaving him with 44,803 shares valued at roughly $5.44 million. Investors may interpret the transaction as a modest near-term caution signal, particularly with NVEC trading well above its 200-day moving average and near the upper portion of its 52-week range. Insider Move at NVE Sparks Fresh Investor Buzz SEC insider-trading filing
Wall Street Analysts Forecast Growth
NVEC has been the topic of several recent research reports. Weiss Ratings upgraded NVE from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of NVE from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".
Read Our Latest Analysis on NVE
Institutional Trading of NVE
Large investors have recently added to or reduced their stakes in the business. Ranger Investment Management L.P. bought a new stake in shares of NVE during the 2nd quarter valued at $12,686,000. Bank of New York Mellon Corp bought a new position in NVE in the 2nd quarter worth $4,879,000. Handelsbanken Fonder AB lifted its position in NVE by 62.8% during the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company's stock valued at $6,087,000 after purchasing an additional 39,565 shares in the last quarter. Jane Street Group LLC bought a new stake in NVE during the first quarter valued at about $351,000. Finally, State of Tennessee Department of Treasury grew its holdings in NVE by 137.4% during 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 purchasing an additional 3,818 shares during the period. 65.95% of the stock is currently owned by institutional investors.
About NVE
(
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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