NVE (NASDAQ:NVEC) CEO Sells 3,260 Shares of Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 3,260 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $117.57, for a total transaction of $383,278.20. Following the transaction, the chief executive officer directly owned 61,525 shares of the company’s stock, valued at approximately $7,233,494.25. This represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NVE Stock Down 3.7%

NVEC stock traded down $4.35 during mid-day trading on Wednesday, reaching $112.26. 258,271 shares of the stock traded hands, compared to its average volume of 286,550. The firm has a market capitalization of $543.34 million, a PE ratio of 30.18 and a beta of 1.38. The business has a 50-day moving average of $100.90 and a two-hundred day moving average of $82.64. NVE Corporation has a 52 week low of $57.21 and a 52 week high of $135.00.

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

NVE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders 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 dividend yield of 3.6%. NVE’s payout ratio is 107.53%.

Institutional Investors Weigh In On NVE

A number of institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in NVE by 62.8% during the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after acquiring an additional 39,565 shares during the period. SG Americas Securities LLC raised its holdings in NVE by 78.9% in the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 1,733 shares in the last quarter. State of Tennessee Department of Treasury lifted its position 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 period. Jane Street Group LLC bought a new stake in shares of NVE in the 1st quarter worth approximately $351,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NVE by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 156 shares in the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVEC has been the topic of several research analyst reports. Weiss Ratings upgraded shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of NVE from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE reported quarterly earnings of $1.32 per share on $11.03 million in revenue, an earnings beat that reinforced investor confidence in the semiconductor company’s profitability. Management also affirmed its dividend, supporting the stock’s income appeal. NVE (NVEC) Is Up 38.8% After Earnings Beat And Dividend Affirmation Has The Bull Case Changed?
• Neutral Sentiment: NVE’s fundamentals remain strong, with a reported net margin of 57.64% and return on equity of 30.53%. However, the stock’s price-to-earnings ratio of about 30 and position near its 52-week high may leave shares sensitive to profit-taking if future results or guidance disappoint.

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.