Daniel Baker Sells 3,260 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 3,260 shares of NVE stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $117.57, for a total value of $383,278.20. Following the sale, the chief executive officer owned 61,525 shares of the company’s stock, valued at approximately $7,233,494.25. This represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NVE Trading Up 2.3%

Shares of NVEC stock opened at $114.82 on Friday. The company has a market capitalization of $555.73 million, a price-to-earnings ratio of 30.87 and a beta of 1.38. The firm has a 50-day moving average price of $101.44 and a 200 day moving average price of $83.00. NVE Corporation has a twelve month low of $57.21 and a twelve month high of $135.00.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 EPS for the quarter. The business had revenue of $11.03 million during the quarter. NVE had a net margin of 57.64% and a return on equity of 30.53%.

NVE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 3rd will be issued a $1.00 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.00 annualized dividend and a yield of 3.5%. NVE’s payout ratio is 107.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVEC. McMillan Office Inc. acquired a new stake in NVE during the fourth quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NVE by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 156 shares during the period. SG Americas Securities LLC grew its holdings in shares of NVE by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 1,733 shares during the period. Jane Street Group LLC acquired a new stake in NVE during the 1st quarter worth approximately $351,000. Finally, State of Tennessee Department of Treasury increased its position in 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 in the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s latest quarterly results showed $1.32 in earnings per share and $11.03 million in revenue, supported by a 57.6% net margin and 30.5% return on equity. The company also announced a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and roughly a 3.6% yield. NVE earnings and dividend report
• Positive Sentiment: Analyst sentiment improved after the earnings release, with Wall Street Zen and Weiss Ratings both upgrading NVE from hold ratings to buy ratings. MarketBeat reports a consensus “Buy” rating, adding support to the stock’s recent strength.
• Neutral Sentiment: NVE remains financially strong, but its valuation has risen to approximately 30 times earnings following the recent rally. The dividend payout ratio above 100% could also raise questions about long-term payout sustainability if earnings weaken.
• Negative Sentiment: President and CEO Daniel Baker sold 20,000 shares across transactions dated July 27–29 for approximately $2.3 million. The largest sale involved 15,222 shares and reduced his reported ownership by about 24.7%. NVE CEO insider-sale filing
• Negative Sentiment: NVE insiders have recorded four open-market sales and no purchases during the past six months. The CEO’s repeated selling, particularly after a sharp advance, may be viewed as a cautionary signal by investors.

Wall Street Analysts Forecast Growth

NVEC has been the topic of several analyst reports. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded NVE from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, NVE currently has an average rating of “Buy”.

NVE Company Profile

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.