NVE (NASDAQ:NVEC) Share Price Passes Above 200 Day Moving Average – Should You Sell?

NVE Corporation (NASDAQ:NVEC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $90.98 and traded as high as $100.81. NVE shares last traded at $98.56, with a volume of 128,616 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVEC. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of NVE from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, NVE presently has an average rating of “Buy”.

NVE Trading Up 1.9%

The firm’s fifty day moving average price is $106.38 and its 200-day moving average price is $91.04. The company has a market cap of $485.94 million, a price-to-earnings ratio of 26.99 and a beta of 1.36.

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

NVE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 3rd were given a $1.00 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. NVE’s payout ratio is currently 107.53%.

Insider Transactions at NVE

In other NVE news, Director Daniel Baker sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $109.50, for a total transaction of $438,000.00. Following the sale, the director directly owned 39,072 shares in the company, valued at approximately $4,278,384. This trade represents a 9.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 27,231 shares of company stock worth $3,103,727. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVE

Large investors have recently made changes to their positions in the stock. McMillan Office Inc. bought a new stake in NVE in the 4th quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NVE by 5.7% during 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 in the last quarter. Odyssean LLC bought a new position in NVE during the 2nd quarter worth about $248,000. Jane Street Group LLC acquired a new stake in shares of NVE in the 1st quarter valued at about $351,000. Finally, State of Tennessee Department of Treasury raised its stake in shares of 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 valued at $486,000 after purchasing an additional 3,818 shares during the period. Institutional investors own 65.95% of the company’s stock.

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.