NVE (NASDAQ:NVEC) Rating Lowered to “Hold” at Wall Street Zen

NVE (NASDAQ:NVEC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NVE Stock Performance

Shares of NVE stock opened at $100.51 on Friday. The firm has a market capitalization of $486.47 million, a PE ratio of 27.02 and a beta of 1.36. NVE has a twelve month low of $57.21 and a twelve month high of $135.00. The firm’s 50-day moving average price is $106.26 and its 200 day moving average price is $92.41.

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

Insider Buying and Selling

In other NVE news, Director Daniel Baker sold 21,140 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $101.49, for a total value of $2,145,498.60. Following the completion of the sale, the director owned 17,932 shares in the company, valued at approximately $1,819,918.68. This represents a 54.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 48,371 shares of company stock valued at $5,249,226. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVE

A number of large investors have recently made changes to their positions in NVEC. McMillan Office Inc. purchased a new position in NVE during the fourth quarter worth approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NVE by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after buying an additional 156 shares during the last quarter. Odyssean LLC purchased a new stake in NVE in the 2nd quarter valued at $248,000. Jane Street Group LLC purchased a new stake in NVE in the 1st quarter valued at $351,000. Finally, State of Tennessee Department of Treasury increased 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 worth $486,000 after acquiring an additional 3,818 shares during the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

Key NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s latest reported quarter showed solid financial performance, including $1.32 in EPS, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity. The company also pays a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and an approximately 4% yield.
• Neutral Sentiment: Short-interest data reported zero shares sold short as of September 10, indicating that short sellers are not a meaningful source of current trading pressure. However, NVEC remains below its 50-day moving average while above its 200-day average, reflecting mixed technical momentum.
• Negative Sentiment: Director Daniel Baker sold 21,140 shares for approximately $2.15 million at an average price of $101.49, reducing his ownership by 54.11%. Although insider sales do not necessarily indicate deteriorating fundamentals, the size of the transaction can pressure sentiment, particularly with NVEC trading at a price-to-earnings ratio near 27.

NVE Company Profile

NVE Corporation (NASDAQ:NVEC) is a technology company that develops and manufactures devices based on spintronics, a field that uses the spin of electrons to create electronic components. The company’s products are designed to provide sensing, data transfer and other electronic functions in applications where low power consumption, small size and high reliability are important.

NVE offers magnetic sensors, couplers and isolators, including standard and custom components for industrial, medical, automotive and other electronic systems.