NVE Corporation (NASDAQ:NVEC) Announces Quarterly Dividend of $1.00

NVE Corporation (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 3rd will be paid a dividend of 1.00 per share by the semiconductor company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, August 3rd.

NVE Stock Performance

Shares of NVEC opened at $86.68 on Thursday. The stock has a market capitalization of $419.53 million, a PE ratio of 27.61 and a beta of 1.38. NVE has a 1 year low of $57.21 and a 1 year high of $121.20. The company’s 50-day simple moving average is $97.60 and its 200-day simple moving average is $80.66.

NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. NVE had a net margin of 57.72% and a return on equity of 25.62%. The firm had revenue of $11.03 million during the quarter.

Wall Street Analysts Forecast Growth

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

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.