NVE (NASDAQ:NVEC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

NVE Corporation (NASDAQ:NVEC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $79.71 and traded as high as $91.75. NVE shares last traded at $88.52, with a volume of 384,569 shares changing hands.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: NVE scheduled a conference call to discuss first-quarter results, which keeps investor attention on upcoming operating and margin details. NVE Schedules Conference Call on First-Quarter Results
• Neutral Sentiment: Technical traders may be watching NVEC after the stock moved above its 200-day moving average, though this does not by itself signal a strong fundamental change. NVE Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of NVE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

NVE Price Performance

The company has a 50-day moving average price of $98.14 and a 200-day moving average price of $79.89. The firm has a market capitalization of $418.32 million, a PE ratio of 27.30 and a beta of 1.38.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $1.02 EPS for the quarter. NVE had a return on equity of 25.62% and a net margin of 57.72%.The firm had revenue of $7.65 million during the quarter.

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, May 18th. NVE’s dividend payout ratio (DPR) is currently 127.39%.

Hedge Funds Weigh In On NVE

A number of institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB boosted its position in NVE by 62.8% during the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock worth $6,087,000 after acquiring an additional 39,565 shares during the last quarter. Jane Street Group LLC acquired a new position in NVE in the 1st quarter valued at $351,000. State of Tennessee Department of Treasury raised its holdings in 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 valued at $486,000 after acquiring an additional 3,818 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of NVE by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 1,733 shares during the period. Finally, McMillan Office Inc. purchased a new position in shares of NVE during the 4th quarter worth $30,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

About NVE

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.