NVE (NASDAQ:NVEC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, ValuEngine raised shares of NVE from a “hold” rating to a “buy” rating in a research note on Friday, June 1st.

Shares of NVEC opened at $108.73 on Friday. The company has a market cap of $533.83 million, a PE ratio of 37.36 and a beta of 1.07. NVE has a twelve month low of $68.50 and a twelve month high of $135.00.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, July 18th. The semiconductor company reported $0.81 earnings per share for the quarter. NVE had a net margin of 49.58% and a return on equity of 16.90%. The business had revenue of $7.11 million during the quarter.

In related news, CFO Curt A. Reynders sold 271 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $119.63, for a total value of $32,419.73. Following the completion of the transaction, the chief financial officer now directly owns 8,729 shares of the company’s stock, valued at $1,044,250.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Curt A. Reynders sold 1,154 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $118.71, for a total transaction of $136,991.34. Following the completion of the transaction, the chief financial officer now directly owns 7,575 shares of the company’s stock, valued at $899,228.25. The disclosure for this sale can be found here. Insiders sold 3,425 shares of company stock valued at $399,411 over the last three months. 2.40% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Cornerstone Wealth Management LLC acquired a new stake in NVE during the 2nd quarter valued at $100,000. Sei Investments Co. acquired a new stake in NVE during the 2nd quarter valued at $183,000. BB&T Corp acquired a new stake in NVE during the 2nd quarter valued at $203,000. Nisa Investment Advisors LLC lifted its holdings in NVE by 2,100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the semiconductor company’s stock valued at $268,000 after purchasing an additional 2,100 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in NVE during the 1st quarter valued at $305,000. 75.90% of the stock is owned by institutional investors and hedge funds.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

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