Daniel Baker Sells 15,222 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 15,222 shares of NVE stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $114.08, for a total transaction of $1,736,525.76. Following the completion of the transaction, the chief executive officer owned 46,303 shares in the company, valued at $5,282,246.24. This trade represents a 24.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NVE Price Performance

NVEC stock opened at $114.82 on Friday. The stock has a market capitalization of $555.73 million, a price-to-earnings ratio of 30.87 and a beta of 1.38. The company has a 50-day moving average of $101.44 and a two-hundred day moving average of $83.00. 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 EPS 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 for the quarter.

NVE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 3rd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s payout ratio is currently 107.53%.

Hedge Funds Weigh In On NVE

Large investors have recently added to or reduced their stakes in the company. 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. Jane Street Group LLC acquired a new position in shares of NVE in the first quarter valued at $351,000. State of Tennessee Department of Treasury raised its stake in shares of NVE by 137.4% in 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. SG Americas Securities LLC lifted its position in NVE by 78.9% in the fourth 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, Handelsbanken Fonder AB boosted 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 worth $6,087,000 after buying an additional 39,565 shares in the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s latest quarterly results showed $1.32 in earnings per share and $11.03 million in revenue, supported by a 57.6% net margin and 30.5% return on equity. The company also announced a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and roughly a 3.6% yield. NVE earnings and dividend report
• Positive Sentiment: Analyst sentiment improved after the earnings release, with Wall Street Zen and Weiss Ratings both upgrading NVE from hold ratings to buy ratings. MarketBeat reports a consensus “Buy” rating, adding support to the stock’s recent strength.
• Neutral Sentiment: NVE remains financially strong, but its valuation has risen to approximately 30 times earnings following the recent rally. The dividend payout ratio above 100% could also raise questions about long-term payout sustainability if earnings weaken.
• Negative Sentiment: President and CEO Daniel Baker sold 20,000 shares across transactions dated July 27–29 for approximately $2.3 million. The largest sale involved 15,222 shares and reduced his reported ownership by about 24.7%. NVE CEO insider-sale filing
• Negative Sentiment: NVE insiders have recorded four open-market sales and no purchases during the past six months. The CEO’s repeated selling, particularly after a sharp advance, may be viewed as a cautionary signal by investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of NVE from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.