NVE (NASDAQ:NVEC) Raised to “Buy” at Wall Street Zen

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

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 currently has a consensus rating of “Buy”.

NVE Stock Down 2.9%

NASDAQ:NVEC opened at $106.67 on Friday. The company’s 50 day moving average is $106.43 and its 200-day moving average is $88.91. NVE has a 12 month low of $57.21 and a 12 month high of $135.00. The firm has a market cap of $516.28 million, a price-to-earnings ratio of 28.67 and a beta of 1.37.

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

Insider Buying and Selling

In related news, Director Daniel A. Baker sold 1,500 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $121.50, for a total value of $182,250.00. Following the sale, the director owned 44,803 shares of the company’s stock, valued at $5,443,564.50. The trade was a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 21,500 shares of company stock valued at $2,480,510. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $183,000 after purchasing an additional 156 shares during the last quarter. McMillan Office Inc. acquired a new position in NVE in the fourth quarter valued at about $30,000. Odyssean LLC bought a new stake in NVE during the second quarter worth about $248,000. State of Tennessee Department of Treasury grew its stake 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 worth $486,000 after buying an additional 3,818 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of NVE during the first quarter worth approximately $351,000. 65.95% of the stock is owned by institutional investors.

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.