NVE (NASDAQ:NVEC) Issues Earnings Results

NVE (NASDAQ:NVEC) issued its earnings results on Wednesday. The semiconductor company reported $1.32 earnings per share for the quarter, FiscalAI reports. NVE had a net margin of 57.72% and a return on equity of 25.62%. The company had revenue of $11.03 million for the quarter.

NVE Stock Performance

NASDAQ NVEC traded down $1.45 during trading hours on Wednesday, reaching $86.68. The company’s stock had a trading volume of 139,893 shares, compared to its average volume of 120,073. The company’s 50-day moving average is $97.77 and its two-hundred day moving average is $80.47. NVE has a fifty-two week low of $57.21 and a fifty-two week high of $121.20. The stock has a market cap of $419.27 million, a PE ratio of 27.61 and a beta of 1.38.

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 18th. NVE’s dividend payout ratio is presently 127.39%.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: No new NVE Corporation earnings release, guidance update, or major corporate announcement was included in the latest articles.
• Neutral Sentiment: The only earnings detail in the background is prior-quarter results showing $1.32 EPS and $11.03 million in revenue, which confirms the business remains profitable but does not explain today’s move.
• Neutral Sentiment: Recent coverage in the batch focused on other stocks and market events, including semiconductor, financial, and AI names, not NVEC.

Analysts Set New Price Targets

Separately, Weiss Ratings raised NVE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, NVE currently has an average rating of “Hold”.

Institutional Trading of NVE

Several institutional investors and hedge funds have recently modified their holdings of the business. McMillan Office Inc. purchased a new position in shares of NVE during the 4th quarter worth approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 buying an additional 156 shares during the last quarter. SG Americas Securities LLC grew its holdings in NVE by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 1,733 shares during the last quarter. Jane Street Group LLC purchased a new position in NVE during the first quarter worth $351,000. Finally, State of Tennessee Department of Treasury increased its position 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 buying an additional 3,818 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

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.