NVE Corporation Plans Quarterly Dividend of $1.00 (NASDAQ:NVEC)

NVE Corporation (NASDAQ:NVEC) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, May 18th will be paid a dividend of 1.00 per share by the semiconductor company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, May 18th.

NVE Price Performance

Shares of NVEC stock opened at $86.28 on Thursday. The firm has a market capitalization of $417.60 million, a price-to-earnings ratio of 29.55 and a beta of 1.36. The business has a fifty day moving average of $72.66 and a 200 day moving average of $68.62. NVE has a 1 year low of $57.21 and a 1 year high of $88.86.

NVE (NASDAQ:NVEC) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $7.65 million during the quarter. NVE had a return on equity of 23.47% and a net margin of 54.59%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NVE in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NVE currently has a consensus rating of “Hold”.

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.