Key Points
- NVE Director Daniel Baker sold 1,731 shares at an average price of $107, generating approximately $185,217. He retains 43,072 shares valued at about $4.61 million, a 3.86% reduction in his position.
- NVE recently reported quarterly earnings of $1.32 per share on $11.03 million in revenue, with a 57.64% net margin and 30.53% return on equity.
- The company announced a quarterly dividend of $1.00 per share, or $4.00 annualized, representing a 3.7% yield; institutional investors own approximately 65.95% of NVE’s stock.
NVE Corporation (NASDAQ:NVEC - Get Free Report) Director Daniel Baker sold 1,731 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $107.00, for a total value of $185,217.00. Following the transaction, the director directly owned 43,072 shares of the company's stock, valued at $4,608,704. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NVE Stock Down 0.0%
NASDAQ:NVEC opened at $107.08 on Friday. The business's 50-day moving average price is $106.44 and its 200 day moving average price is $89.82. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00. The firm has a market cap of $518.27 million, a P/E ratio of 28.78 and a beta of 1.37.
NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. NVE had a net margin of 57.64% and a return on equity of 30.53%. The company had revenue of $11.03 million during the quarter.
NVE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, August 3rd. NVE's payout ratio is presently 107.53%.
Hedge Funds Weigh In On NVE
Several institutional investors and hedge funds have recently bought and sold shares of the business. Ranger Investment Management L.P. acquired a new position in shares of NVE in the 2nd quarter valued at about $12,686,000. Bank of New York Mellon Corp purchased a new stake in shares of NVE in the second quarter worth approximately $4,879,000. Handelsbanken Fonder AB boosted its holdings in shares of NVE by 62.8% during the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company's stock worth $6,087,000 after purchasing an additional 39,565 shares during the period. California State Teachers Retirement System boosted its holdings in shares of NVE by 2,613.4% during the second quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company's stock worth $743,000 after purchasing an additional 6,847 shares during the period. Finally, Jane Street Group LLC purchased a new position in NVE during the first quarter valued at approximately $351,000. Hedge funds and other institutional investors own 65.95% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NVE from a "hold" rating to a "buy" rating in a report on Sunday, August 23rd. Weiss Ratings raised NVE from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy".
Check Out Our Latest Report on NVE
Key Headlines Impacting NVE
Here are the key news stories impacting NVE this week:
- Neutral Sentiment: With no new earnings release, analyst action, contract announcement or insider-trading report concerning NVE Corporation, investor interest in NVEC appears to be driven mainly by normal trading activity rather than a fresh fundamental catalyst.
- Neutral Sentiment: The company’s latest reported quarter showed $1.32 in earnings per share and $11.03 million in revenue. NVE also reported a 57.64% net margin and 30.53% return on equity, providing a strong profitability backdrop, although those results were released earlier and are not new developments today.
- Neutral Sentiment: NVEC is trading near its 50-day moving average and well above its 200-day moving average, suggesting that the stock’s broader trend remains positive even as the lack of new company news limits a clear near-term direction.
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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