NVE (NASDAQ:NVEC) Posts Earnings Results
NVE (NASDAQ:NVEC) released its quarterly earnings data on Wednesday. The semiconductor company reported $0.77 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $6.47 million during the quarter. NVE had a return on equity of 16.61% and a net margin of 56.32%.
Shares of NASDAQ NVEC traded up $0.48 during mid-day trading on Thursday, reaching $70.78. The company’s stock had a trading volume of 976 shares, compared to its average volume of 23,500. The firm has a market capitalization of $346.01 million, a PE ratio of 25.19 and a beta of 1.37. The stock has a fifty day moving average of $69.31 and a two-hundred day moving average of $67.01. NVE has a 52 week low of $60.98 and a 52 week high of $104.30.
A number of research firms have recently weighed in on NVEC. ValuEngine raised NVE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. BidaskClub raised NVE from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st.
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.
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