NVE (NASDAQ:NVEC) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of NVE (NASDAQ:NVEC) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

NVE Price Performance

NASDAQ NVEC opened at $100.51 on Friday. The firm has a market cap of $486.47 million, a P/E ratio of 27.02 and a beta of 1.36. The stock’s 50-day moving average is $106.26 and its 200-day moving average is $92.23. NVE has a one year low of $57.21 and a one year high of $135.00.

NVE (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share (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 during the quarter.

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. NVE’s dividend payout ratio (DPR) is currently 107.53%.

Insider Activity at NVE

In other news, Director Daniel Baker sold 21,140 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $101.49, for a total transaction of $2,145,498.60. Following the completion of the transaction, the director directly owned 17,932 shares of the company’s stock, valued at $1,819,918.68. This represents a 54.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 48,371 shares of company stock valued at $5,249,226 in the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On NVE

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 acquiring an additional 156 shares in the last quarter. Jane Street Group LLC acquired a new position in NVE during the first quarter worth $351,000. State of Tennessee Department of Treasury boosted its holdings in 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 worth $486,000 after purchasing an additional 3,818 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings 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 purchasing an additional 39,565 shares during the last quarter. Finally, McMillan Office Inc. bought a new position in NVE in the fourth quarter valued at $30,000. 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’s latest reported quarter showed solid financial performance, including $1.32 in EPS, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity. The company also pays a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and an approximately 4% yield.
• Neutral Sentiment: Short-interest data reported zero shares sold short as of September 10, indicating that short sellers are not a meaningful source of current trading pressure. However, NVEC remains below its 50-day moving average while above its 200-day average, reflecting mixed technical momentum.
• Negative Sentiment: Director Daniel Baker sold 21,140 shares for approximately $2.15 million at an average price of $101.49, reducing his ownership by 54.11%. Although insider sales do not necessarily indicate deteriorating fundamentals, the size of the transaction can pressure sentiment, particularly with NVEC trading at a price-to-earnings ratio near 27.

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.