NVE (NASDAQ:NVEC) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of NVE (NASDAQ:NVEC) from a hold rating to a buy rating in a report released on Saturday morning.

Separately, Weiss Ratings upgraded shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

NVE Trading Down 12.4%

Shares of NVEC stock opened at $117.55 on Friday. The stock has a market capitalization of $568.94 million, a price-to-earnings ratio of 31.60 and a beta of 1.38. NVE has a 12-month low of $57.21 and a 12-month high of $135.00. The stock’s 50-day moving average price is $98.98 and its 200-day moving average price is $81.43.

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

NVE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 3.4%. NVE’s dividend payout ratio (DPR) is presently 107.53%.

Institutional Trading of NVE

Several institutional investors and hedge funds have recently modified their holdings of NVEC. McMillan Office Inc. bought a new stake in NVE during the 4th quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 valued at $183,000 after buying an additional 156 shares during the period. SG Americas Securities LLC grew its holdings in 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 acquiring an additional 1,733 shares in the last quarter. Jane Street Group LLC bought a new position in NVE during the 1st quarter worth about $351,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of NVE by 137.4% during the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 3,818 shares in the last quarter. Institutional investors own 65.95% of the company’s stock.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE reported strong Q1 results with higher earnings, solid sales growth, and support from new products and emerging opportunities in robotics and AIoT. NVE Corp Q1 Earnings Surge Y/Y on Strong Sales & New Products
• Positive Sentiment: The company also declared a quarterly dividend of $1.00 per share, signaling continued cash returns to shareholders and supporting the investment case for income-oriented investors.
• Neutral Sentiment: Several follow-up articles and transcript posts focused on the earnings call and the stock’s sharp recent move, but they did not add materially new fundamentals beyond the earnings release.

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.