NVE (NASDAQ:NVEC) Director Daniel Baker Sells 4,000 Shares of Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 4,000 shares of NVE stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $109.50, for a total value of $438,000.00. Following the sale, the director owned 39,072 shares in the company, valued at $4,278,384. This trade represents a 9.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NVE Stock Down 0.0%

Shares of NASDAQ NVEC opened at $107.08 on Friday. The stock has a market cap of $518.27 million, a PE ratio of 28.78 and a beta of 1.37. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00. The business has a 50-day moving average price of $106.44 and a 200 day moving average price of $89.82.

NVE (NASDAQ:NVEC) last released its quarterly earnings results 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 company had revenue of $11.03 million for the quarter.

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s payout ratio is presently 107.53%.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: With no new earnings release, analyst action, contract announcement or insider-trading report concerning NVE Corporation, investor interest in NVEC appears to be driven mainly by normal trading activity rather than a fresh fundamental catalyst.
• Neutral Sentiment: The company’s latest reported quarter showed $1.32 in earnings per share and $11.03 million in revenue. NVE also reported a 57.64% net margin and 30.53% return on equity, providing a strong profitability backdrop, although those results were released earlier and are not new developments today.
• Neutral Sentiment: NVEC is trading near its 50-day moving average and well above its 200-day moving average, suggesting that the stock’s broader trend remains positive even as the lack of new company news limits a clear near-term direction.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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 Sunday, August 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, NVE currently has a consensus rating of “Buy”.

Institutional Trading of NVE

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in shares of NVE by 2,613.4% in the second quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock valued at $743,000 after purchasing an additional 6,847 shares during the period. Odyssean LLC acquired a new stake in shares of NVE during the second quarter worth $248,000. Ranger Investment Management L.P. acquired a new stake in shares of NVE during the second quarter worth $12,686,000. Bank of New York Mellon Corp acquired a new stake in shares of NVE during the second quarter worth $4,879,000. Finally, McMillan Office Inc. purchased a new position in NVE in the 4th quarter valued at $30,000. 65.95% of the stock is owned by institutional investors and hedge funds.

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.