NVE Corporation (NVEC) to Issue Quarterly Dividend of $1.00 on August 31st

NVE Corporation (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 3rd will be paid a dividend of 1.00 per share by the semiconductor company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 3rd.

NVE Price Performance

NASDAQ NVEC opened at $134.21 on Friday. The business has a 50 day simple moving average of $98.43 and a 200 day simple moving average of $81.17. NVE has a one year low of $57.21 and a one year high of $134.93. The stock has a market capitalization of $649.58 million, a P/E ratio of 36.08 and a beta of 1.38.

NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 EPS for the quarter. The company had revenue of $11.03 million during the quarter. NVE had a net margin of 57.64% and a return on equity of 30.67%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NVEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NVE by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 156 shares in the last quarter. McMillan Office Inc. bought a new stake in NVE in the 4th quarter worth about $30,000. SG Americas Securities LLC increased its stake in NVE by 78.9% in 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. State of Tennessee Department of Treasury increased its stake in 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 valued at $486,000 after buying an additional 3,818 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in NVE in the 1st quarter valued at about $351,000. 65.95% of the stock is owned by institutional investors.

NVE Company Profile

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.