NVE (NASDAQ:NVEC) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of NVE (NASDAQ:NVEC) from a buy rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE presently has a consensus rating of “Buy”.

NVE Stock Performance

Shares of NVE stock opened at $121.25 on Friday. The stock’s 50-day simple moving average is $106.19 and its 200 day simple moving average is $87.03. The stock has a market capitalization of $586.85 million, a P/E ratio of 32.59 and a beta of 1.37. NVE has a 52-week low of $57.21 and a 52-week high of $135.00.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter. The firm 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 company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 annualized dividend and a dividend yield of 3.3%. NVE’s dividend payout ratio is presently 107.53%.

Insider Activity

In related news, CEO Daniel A. Baker sold 15,222 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $114.08, for a total value of $1,736,525.76. Following the sale, the chief executive officer owned 46,303 shares in the company, valued at approximately $5,282,246.24. This trade represents a 24.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 20,000 shares of company stock valued at $2,298,260 in the last quarter. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On NVE

Institutional investors have recently added to or reduced their stakes in the business. McMillan Office Inc. purchased a new position in shares of NVE during the fourth quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NVE by 5.7% in 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 purchasing an additional 156 shares in the last quarter. Jane Street Group LLC purchased a new stake in NVE in the first quarter valued at approximately $351,000. State of Tennessee Department of Treasury lifted its position in NVE by 137.4% during the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 3,818 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in NVE during the second quarter valued at approximately $4,879,000. 65.95% of the stock is currently owned by institutional investors.

NVE News Summary

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: The most recent NVEC operating results cited in the background were strong, with quarterly earnings of $1.32 per share on $11.03 million in revenue. The company also reported a 57.64% net margin and 30.53% return on equity, which may continue to support investor interest, although those results are not new.
• Neutral Sentiment: Trading volume was above the stock’s average, while the shares remained well above their 50-day and 200-day moving averages. This suggests continued momentum may have contributed to the increase, but the supplied articles do not identify a specific catalyst.
• Negative Sentiment: At approximately $121, NVEC trades at a P/E ratio near 32.6 and remains below its 52-week high of $135.00. The valuation and proximity to recent highs could leave the stock vulnerable to profit-taking if new fundamental catalysts do not emerge.

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.