NVE (NASDAQ:NVEC) Director Daniel Baker Sells 4,000 Shares of Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $109.50, for a total value of $438,000.00. Following the completion of the sale, the director directly owned 39,072 shares in the company, valued at approximately $4,278,384. The trade was a 9.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NVE Stock Performance

NVEC traded down $0.04 on Thursday, reaching $107.08. The company had a trading volume of 74,910 shares, compared to its average volume of 158,762. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00. The company has a market cap of $518.27 million, a price-to-earnings ratio of 28.78 and a beta of 1.37. The business has a 50 day simple moving average of $106.44 and a 200 day simple moving average of $89.82.

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 firm had revenue of $11.03 million for the quarter.

NVE Announces Dividend

The company also recently disclosed 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, August 3rd. NVE’s dividend payout ratio is presently 107.53%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVEC shares. 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 shares of NVE from a “hold” rating to a “buy” rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NVE currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. McMillan Office Inc. purchased a new stake in NVE during the 4th quarter valued at about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $183,000 after purchasing an additional 156 shares during the period. Odyssean LLC bought a new stake in NVE in the second quarter valued at approximately $248,000. Jane Street Group LLC bought a new stake in NVE in the first quarter valued at approximately $351,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of 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 period. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: With no new earnings release, analyst action, contract announcement or insider-trading report concerning NVE Corporation, investor interest in NVEC appears to be driven mainly by normal trading activity rather than a fresh fundamental catalyst.
• Neutral Sentiment: The company’s latest reported quarter showed $1.32 in earnings per share and $11.03 million in revenue. NVE also reported a 57.64% net margin and 30.53% return on equity, providing a strong profitability backdrop, although those results were released earlier and are not new developments today.
• Neutral Sentiment: NVEC is trading near its 50-day moving average and well above its 200-day moving average, suggesting that the stock’s broader trend remains positive even as the lack of new company news limits a clear near-term direction.

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.