Daniel Baker Sells 1,731 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 1,731 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $107.00, for a total transaction of $185,217.00. Following the sale, the director owned 43,072 shares of the company’s stock, valued at approximately $4,608,704. The trade was a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NVE Stock Performance

NASDAQ NVEC traded down $0.04 during trading on Thursday, hitting $107.08. 74,910 shares of the company’s stock traded hands, compared to its average volume of 158,762. The business has a 50 day moving average of $106.44 and a 200-day moving average of $89.82. NVE Corporation has a 12-month low of $57.21 and a 12-month high of $135.00. The stock has a market capitalization of $518.27 million, a price-to-earnings ratio of 28.78 and a beta of 1.37.

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

NVE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 3rd. NVE’s dividend payout ratio is 107.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVEC. Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded NVE from a “hold” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

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.

Institutional Investors Weigh In On NVE

A number of large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $183,000 after purchasing an additional 156 shares during the period. Jane Street Group LLC bought a new position in NVE in the first quarter worth about $351,000. State of Tennessee Department of Treasury grew its holdings in shares of NVE by 137.4% during 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. Handelsbanken Fonder AB raised its position in shares of NVE by 62.8% in the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock worth $6,087,000 after acquiring an additional 39,565 shares in the last quarter. Finally, McMillan Office Inc. purchased a new position in shares of NVE in the 4th quarter valued at approximately $30,000. 65.95% of the stock is currently owned by institutional investors.

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.