NVE Corp (NASDAQ:NVEC) has received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price objective of $79.00 for the company, according to Zacks. Zacks has also given NVE an industry rank of 235 out of 265 based on the ratings given to its competitors.
Separately, BidaskClub raised shares of NVE from a “sell” rating to a “hold” rating in a report on Monday, February 5th.
Shares of NVE (NVEC) traded up $1.74 during mid-day trading on Thursday, hitting $75.26. The stock had a trading volume of 25,519 shares, compared to its average volume of 15,654. The firm has a market capitalization of $364.41, a P/E ratio of 27.57 and a beta of 1.27. NVE has a 1-year low of $68.50 and a 1-year high of $94.00.
NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, January 17th. The semiconductor company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $7.36 million for the quarter, compared to analyst estimates of $7.20 million. NVE had a net margin of 45.31% and a return on equity of 14.68%.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Monday, January 29th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Friday, January 26th. NVE’s dividend payout ratio (DPR) is presently 148.70%.
COPYRIGHT VIOLATION WARNING: “NVE Corp (NASDAQ:NVEC) Given Consensus Rating of “Hold” by Brokerages” was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.themarketsdaily.com/2018/03/11/nve-corp-nasdaqnvec-given-consensus-rating-of-hold-by-brokerages.html.
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NVE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVE and related companies with MarketBeat.com's FREE daily email newsletter.