Key Points
- Director Daniel Baker sold 21,140 NVE shares at an average price of $101.49, generating approximately $2.15 million and reducing his direct holdings by 54.11% to 17,932 shares.
- NVE reported quarterly EPS of $1.32 on $11.03 million in revenue, with a 57.64% net margin and 30.53% return on equity.
- The company pays a quarterly dividend of $1.00 per share, equivalent to a 4.0% yield, while institutional investors own 65.95% of outstanding shares.
NVE Corporation (NASDAQ:NVEC - Get Free Report) Director Daniel Baker sold 21,140 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $101.49, for a total value of $2,145,498.60. Following the completion of the transaction, the director directly owned 17,932 shares of the company's stock, valued at $1,819,918.68. The trade was a 54.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NVE Price Performance
NVE stock opened at $99.06 on Thursday. The stock has a market capitalization of $479.45 million, a PE ratio of 26.63 and a beta of 1.36. The business has a 50 day simple moving average of $106.23 and a 200-day simple moving average of $91.95. NVE Corporation has a 12 month low of $57.21 and a 12 month high of $135.00.
NVE (NASDAQ:NVEC - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.The firm had revenue of $11.03 million for the quarter.
NVE Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 3rd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, August 3rd. NVE's dividend payout ratio is 107.53%.
Institutional Trading of NVE
Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NVE by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company's stock valued at $183,000 after acquiring an additional 156 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of NVE during the 1st quarter worth approximately $351,000. State of Tennessee Department of Treasury boosted its holdings in shares of NVE by 137.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company's stock worth $486,000 after purchasing an additional 3,818 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of NVE by 62.8% in 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. Finally, McMillan Office Inc. purchased a new stake in shares of NVE in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 65.95% of the company's stock.
Key NVE News
Here are the key news stories impacting NVE this week:
- Positive Sentiment: NVE’s most recently reported quarter showed solid profitability, including earnings of $1.32 per share, $11.03 million in revenue, a 57.64% net margin, and a 30.53% return on equity. However, these results were not released within the current news window.
- Neutral Sentiment: Trading volume was modestly above the company’s average, suggesting some additional activity but not an exceptionally large surge. NVEC remains above its 200-day moving average while trading below its 50-day average, indicating mixed technical momentum.
- Negative Sentiment: With no fresh positive catalyst identified, investors may be taking profits or responding to broader market conditions. The stock’s price-to-earnings ratio of approximately 27.4 also leaves room for valuation-sensitive selling if investors become less willing to pay a premium for growth.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Weiss Ratings raised NVE from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. Wall Street Zen raised NVE from a "hold" rating to a "buy" rating in a research note on Sunday, August 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE currently has an average rating of "Buy".
Read Our Latest Analysis on NVE
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.
Further Reading
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