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

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

NVE Stock Down 3.7%

NASDAQ:NVEC opened at $112.26 on Thursday. The firm has a market cap of $543.34 million, a PE ratio of 30.18 and a beta of 1.38. NVE Corporation has a 12 month low of $57.21 and a 12 month high of $135.00. The company’s 50-day moving average price is $100.90 and its two-hundred day moving average price is $82.64.

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

NVE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s dividend payout ratio (DPR) is currently 107.53%.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s recent earnings beat and reaffirmation of its dividend helped drive a significant rally, suggesting strong investor confidence in the company’s profitability and shareholder returns. NVE earnings beat and dividend article
• Neutral Sentiment: The company remains highly profitable, with a 57.6% net margin and 30.5% return on equity. However, its valuation is elevated at roughly 30 times earnings after the recent run-up, potentially increasing profit-taking risk.
• Negative Sentiment: CEO Daniel A. Baker sold 20,000 shares over three consecutive trading sessions from July 27 through July 29 for approximately $2.3 million. The largest transaction involved 15,222 shares and reduced his remaining position by about 24.7%. NVE CEO SEC insider-sale filing
• Negative Sentiment: Recent insider activity is one-sided: NVE insiders have reported four open-market sales and no purchases during the past six months. The CEO’s repeated selling may be interpreted as a cautionary signal, particularly after the stock’s steep earnings-related advance. NVE insider sale analysis

Analysts Set New Price Targets

A number of research firms have commented on NVEC. Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded NVE from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, NVE presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NVE by 5.7% in the 1st 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 last quarter. McMillan Office Inc. acquired a new position in shares of NVE during the fourth quarter valued at $30,000. SG Americas Securities LLC lifted its stake in shares of NVE by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 1,733 shares during the period. State of Tennessee Department of Treasury boosted its holdings 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 valued at $486,000 after acquiring an additional 3,818 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in NVE in the first quarter valued at about $351,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

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.