Wall Street Zen Downgrades NVE (NASDAQ:NVEC) to Hold

NVE (NASDAQ:NVEC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

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

NVE Stock Performance

Shares of NVEC stock opened at $121.25 on Friday. The company has a market capitalization of $586.85 million, a PE ratio of 32.59 and a beta of 1.37. The firm has a fifty day simple moving average of $106.19 and a 200-day simple moving average of $87.12. NVE has a twelve month low of $57.21 and a twelve month high of $135.00.

NVE (NASDAQ:NVEC) last announced its 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 during the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.

Insider Activity

In related news, CEO Daniel A. Baker sold 15,222 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 46,303 shares of the company’s stock, valued at $5,282,246.24. This represents a 24.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 20,000 shares of company stock worth $2,298,260 in the last three months. Insiders own 2.10% of the company’s stock.

Institutional Trading of NVE

Large investors have recently added to or reduced their stakes in the business. McMillan Office Inc. acquired a new position in shares of NVE in the 4th quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 acquiring an additional 156 shares in the last quarter. Jane Street Group LLC acquired a new position in NVE in the 1st quarter worth approximately $351,000. State of Tennessee Department of Treasury boosted its stake in NVE by 137.4% in the 2nd 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. Finally, Bank of New York Mellon Corp purchased a new position in NVE during the 2nd quarter worth approximately $4,879,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.

More NVE News

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.

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.