Daniel Baker Sells 1,518 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 1,518 shares of NVE stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $117.56, for a total transaction of $178,456.08. Following the sale, the chief executive officer owned 64,785 shares of the company’s stock, valued at approximately $7,616,124.60. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NVE Price Performance

NVEC stock traded down $4.35 during midday trading on Wednesday, reaching $112.26. The company had a trading volume of 258,271 shares, compared to its average volume of 286,550. The firm has a 50-day moving average price of $100.90 and a 200-day moving average price of $82.64. The company has a market capitalization of $543.34 million, a P/E ratio of 30.18 and a beta of 1.38. NVE Corporation has a 1 year low of $57.21 and a 1 year high of $135.00.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. NVE had a net margin of 57.64% and a return on equity of 30.53%. The firm had revenue of $11.03 million for the quarter.

NVE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s dividend payout ratio is currently 107.53%.

Institutional Investors Weigh In On NVE

A number of institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB grew its holdings in shares of NVE by 62.8% during the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after purchasing an additional 39,565 shares during the last quarter. Jane Street Group LLC bought a new stake in NVE in the first quarter worth $351,000. State of Tennessee Department of Treasury boosted its position in NVE by 137.4% during the second 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 period. SG Americas Securities LLC boosted its position in NVE by 78.9% during the fourth 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 period. Finally, McMillan Office Inc. purchased a new stake in NVE during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NVEC shares. Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wall Street Zen raised NVE from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

More NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE reported quarterly earnings of $1.32 per share on $11.03 million in revenue, an earnings beat that reinforced investor confidence in the semiconductor company’s profitability. Management also affirmed its dividend, supporting the stock’s income appeal. NVE (NVEC) Is Up 38.8% After Earnings Beat And Dividend Affirmation Has The Bull Case Changed?
• Neutral Sentiment: NVE’s fundamentals remain strong, with a reported net margin of 57.64% and return on equity of 30.53%. However, the stock’s price-to-earnings ratio of about 30 and position near its 52-week high may leave shares sensitive to profit-taking if future results or guidance disappoint.

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.