NVE (NASDAQ:NVEC) Director Daniel Baker Sells 1,731 Shares of Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 1,731 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $107.00, for a total transaction of $185,217.00. Following the transaction, the director directly owned 43,072 shares of the company’s stock, valued at $4,608,704. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NVE Trading Down 0.0%

NASDAQ NVEC opened at $107.08 on Friday. The company has a 50-day moving average price of $106.44 and a two-hundred day moving average price of $89.82. NVE Corporation has a 52 week low of $57.21 and a 52 week high of $135.00. The stock has a market cap of $518.27 million, a price-to-earnings ratio of 28.78 and a beta of 1.37.

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

NVE Announces Dividend

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 given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 3rd. NVE’s dividend payout ratio (DPR) is currently 107.53%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Wall Street Zen raised NVE from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE has an average rating of “Buy”.

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.

Institutional Trading of NVE

Institutional investors have recently made changes to their positions in the stock. McMillan Office Inc. bought a new position in shares of NVE in the fourth quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NVE by 5.7% during the first 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 period. Odyssean LLC bought a new stake in NVE during the second quarter worth approximately $248,000. Jane Street Group LLC bought a new stake in NVE during the first quarter worth approximately $351,000. Finally, State of Tennessee Department of Treasury lifted its position in 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 worth $486,000 after purchasing an additional 3,818 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.

About NVE

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.