NVE (NASDAQ:NVEC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of NVE Corporation (NASDAQ:NVEC) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $99.56 and traded as high as $103.75. NVE shares last traded at $100.58, with a volume of 123,172 shares traded.

More NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: The stock recently broke above its 200-day moving average, a technical signal that may attract momentum-oriented investors and suggests improving market sentiment. NVE Stock Price Breaks Above 200-Day Moving Average
• Neutral Sentiment: NVE scheduled its October 21 results, making the earnings announcement the key focus for investors. The company’s previous reported quarter included $11.03 million in revenue and $1.32 in earnings per share, but the current results will determine whether that performance was sustained. NVE Schedules October 21 Results
• Neutral Sentiment: Investors are also monitoring NVE’s cash-flow profile ahead of the results, particularly because the company has a relatively small market capitalization and limited trading volume, which can amplify moves around earnings. NVE Corporation Cash Flow

Analyst Ratings Changes

Several equities analysts recently weighed in on NVEC shares. Wall Street Zen lowered NVE from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings upgraded NVE from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

NVE Stock Up 1.0%

The company’s 50-day moving average price is $106.64 and its 200-day moving average price is $99.80. The firm has a market cap of $498.55 million, a price-to-earnings ratio of 27.71 and a beta of 1.34.

NVE (NASDAQ:NVEC) last released its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $0.65 earnings per share for the quarter. The firm had revenue of $5.58 million during the quarter. NVE had a net margin of 57.64% and a return on equity of 30.53%.

Insider Buying and Selling at NVE

In other news, Director Daniel Baker sold 21,140 shares of NVE stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $101.49, for a total value of $2,145,498.60. Following the sale, the director directly owned 17,932 shares of the company’s stock, valued at $1,819,918.68. The trade was a 54.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 48,371 shares of company stock valued at $5,249,226 in the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NVEC. Ranger Investment Management L.P. acquired a new stake in NVE during the 2nd quarter worth $12,686,000. Merrion Investment Management Co LLC raised its position in shares of NVE by 10.0% in the third quarter. Merrion Investment Management Co LLC now owns 47,590 shares of the semiconductor company’s stock valued at $5,239,000 after buying an additional 4,325 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of NVE in the second quarter worth about $4,879,000. WINTON GROUP Ltd purchased a new position in shares of NVE in the second quarter worth about $497,000. Finally, Odyssean LLC acquired a new position in NVE during the second quarter worth about $248,000. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Company Profile

NVE Corporation (NASDAQ: NVEC) develops and manufactures spintronic devices that use electron-spin properties to acquire, transmit, and store data. The company’s technology is designed to provide high sensitivity, low power consumption, and electrical isolation in applications that require the transfer or detection of digital signals.

Its product portfolio includes magnetic sensors, digital isolators, and couplers. These components are used in industrial equipment, factory automation, medical devices, energy systems, transportation, and other applications that require sensing, signal isolation, or communication between electrically separated circuits.