NVE (NASDAQ:NVEC) Sets New 1-Year High – What’s Next?

NVE Corporation (NASDAQ:NVEC)’s stock price hit a new 52-week high on Friday . The stock traded as high as $115.15 and last traded at $117.3140, with a volume of 31558 shares trading hands. The stock had previously closed at $104.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of NVE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

NVE Stock Up 3.8%

The stock has a fifty day moving average of $87.77 and a two-hundred day moving average of $74.15. The stock has a market cap of $571.80 million, a price-to-earnings ratio of 37.79 and a beta of 1.40.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 EPS for the quarter. The company had revenue of $7.65 million during the quarter. NVE had a return on equity of 25.62% and a net margin of 57.72%.

NVE Announces Dividend

The business 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. The ex-dividend date was Monday, May 18th. This represents a $4.00 annualized dividend and a dividend yield of 3.4%. NVE’s dividend payout ratio (DPR) is 127.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVEC. McMillan Office Inc. acquired a new position in NVE during the fourth quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 acquiring an additional 156 shares during the period. SG Americas Securities LLC lifted its position in shares of 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 acquiring an additional 1,733 shares during the period. Jane Street Group LLC purchased a new stake in shares of NVE during the 1st quarter worth approximately $351,000. Finally, State of Tennessee Department of Treasury grew its holdings in shares of NVE by 137.4% in 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. 65.95% of the stock is currently owned by institutional investors and hedge funds.

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.