NVE (NASDAQ:NVEC) Announces Quarterly Earnings Results

NVE (NASDAQ:NVEC) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.79 earnings per share for the quarter, Zacks reports. NVE had a return on equity of 32.31% and a net margin of 60.66%. The company had revenue of $7.08 million for the quarter.

NVE Trading Down 4.8 %

NASDAQ:NVEC traded down $3.89 during midday trading on Thursday, hitting $77.50. 13,881 shares of the company traded hands, compared to its average volume of 22,717. The firm’s fifty day moving average is $83.55 and its 200-day moving average is $78.03. NVE has a 12-month low of $64.14 and a 12-month high of $100.19. The firm has a market capitalization of $374.33 million, a P/E ratio of 16.89 and a beta of 1.21.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.