NVE (NASDAQ:NVEC) Director Daniel Baker Sells 21,140 Shares

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 21,140 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $101.49, for a total value of $2,145,498.60. Following the completion of the transaction, the director directly owned 17,932 shares of the company’s stock, valued at approximately $1,819,918.68. The trade was a 54.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NVE Price Performance

Shares of NASDAQ NVEC opened at $99.06 on Thursday. The business has a fifty day moving average price of $106.23 and a 200 day moving average price of $91.95. NVE Corporation has a 1-year low of $57.21 and a 1-year high of $135.00. The stock has a market capitalization of $479.45 million, a P/E ratio of 26.63 and a beta of 1.36.

NVE (NASDAQ:NVEC) last announced 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 business 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. Stockholders of record on Monday, August 3rd were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, August 3rd. NVE’s dividend payout ratio is currently 107.53%.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s most recently reported quarter showed solid profitability, including earnings of $1.32 per share, $11.03 million in revenue, a 57.64% net margin, and a 30.53% return on equity. However, these results were not released within the current news window.
• Neutral Sentiment: Trading volume was modestly above the company’s average, suggesting some additional activity but not an exceptionally large surge. NVEC remains above its 200-day moving average while trading below its 50-day average, indicating mixed technical momentum.
• Negative Sentiment: With no fresh positive catalyst identified, investors may be taking profits or responding to broader market conditions. The stock’s price-to-earnings ratio of approximately 27.4 also leaves room for valuation-sensitive selling if investors become less willing to pay a premium for growth.

Wall Street Analyst Weigh In

NVEC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of NVE from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Trading of NVE

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ranger Investment Management L.P. purchased a new position in shares of NVE during the second quarter worth $12,686,000. Handelsbanken Fonder AB raised its stake in shares of NVE by 62.8% during the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after buying an additional 39,565 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of NVE during the 2nd quarter valued at about $4,879,000. California State Teachers Retirement System lifted its holdings in shares of NVE by 2,613.4% in the 2nd quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock valued at $743,000 after buying an additional 6,847 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in shares of NVE by 137.4% in 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. 65.95% of the stock is currently owned by institutional investors and hedge funds.

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.