NVE Co. (NASDAQ:NVEC) Declares $1.00 Quarterly Dividend

NVE Co. (NASDAQ:NVEC) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 1.00 per share by the semiconductor company on Friday, May 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Friday, May 10th.

NVE Stock Down 3.4 %

Shares of NASDAQ:NVEC traded down $2.67 during mid-day trading on Friday, reaching $77.00. 19,815 shares of the stock were exchanged, compared to its average volume of 22,684. The company has a market cap of $371.91 million, a P/E ratio of 22.59 and a beta of 1.21. The stock’s 50 day simple moving average is $83.52 and its 200-day simple moving average is $78.04. NVE has a one year low of $64.14 and a one year high of $100.19.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.79 earnings per share for the quarter. NVE had a net margin of 57.46% and a return on equity of 25.73%. The firm had revenue of $7.08 million during the quarter.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.