NVE (NASDAQ:NVEC) Director Sells 21,140 Shares

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 21,140 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $101.49, for a total transaction of $2,145,498.60. Following the transaction, the director owned 17,932 shares in the company, valued at $1,819,918.68. The trade was a 54.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NVE Stock Performance

NASDAQ NVEC traded down $2.91 during trading on Wednesday, hitting $99.06. The stock had a trading volume of 141,674 shares, compared to its average volume of 121,674. The stock has a market capitalization of $479.45 million, a price-to-earnings ratio of 26.63 and a beta of 1.36. NVE Corporation has a one year low of $57.21 and a one year high of $135.00. The stock has a 50 day simple moving average of $106.23 and a 200 day simple moving average of $91.95.

NVE (NASDAQ:NVEC) 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 business had revenue of $11.03 million during the quarter.

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 3rd were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 3rd. NVE’s dividend payout ratio is 107.53%.

NVE News Summary

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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. McMillan Office Inc. purchased a new stake in shares of NVE in the 4th quarter worth $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 buying an additional 156 shares during the period. Odyssean LLC bought a new stake in shares of NVE in the second quarter valued at about $248,000. Jane Street Group LLC purchased a new stake in NVE in the first quarter worth about $351,000. Finally, State of Tennessee Department of Treasury lifted its stake 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 acquiring an additional 3,818 shares during the period. Institutional investors own 65.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVEC. 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 shares of NVE from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, NVE presently 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.