Insider Selling: NVE (NASDAQ:NVEC) Director Sells $185,217.00 in Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 1,731 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $107.00, for a total transaction of $185,217.00. Following the completion of the sale, the director directly owned 43,072 shares in the company, valued at approximately $4,608,704. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NVE Trading Down 5.8%

NVE stock opened at $100.89 on Friday. The company has a market cap of $488.31 million, a P/E ratio of 27.12 and a beta of 1.37. NVE Corporation has a 1-year low of $57.21 and a 1-year high of $135.00. The company has a fifty day simple moving average of $106.25 and a 200 day simple moving average of $89.90.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share (EPS) 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 business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, August 3rd. NVE’s dividend payout ratio is presently 107.53%.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE maintains a strong financial profile, with the latest reported quarter showing $1.32 in earnings per share, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity.
• Positive Sentiment: The company recently declared a quarterly dividend of $1.00, equivalent to $4.00 annually and a yield of approximately 3.7%, which may support income-focused investor interest. NVE Corporation stock and dividend report
• Positive Sentiment: Institutional ownership remains substantial at roughly 66%, and several funds recently initiated or increased positions, including Ranger Investment Management, Bank of New York Mellon and Handelsbanken Fonder. Analysts and ratings services have also recently moved NVEC toward Buy recommendations.
• Neutral Sentiment: NVEC remains well above its 200-day moving average, indicating a favorable longer-term trend, but the stock is trading near its 50-day average after a significant advance from its 52-week low.
• Negative Sentiment: Director Daniel Baker sold 4,000 shares at an average price of $109.50 on August 27, worth approximately $438,000, reducing his direct ownership by 9.29%. NVE director stock sale report
• Negative Sentiment: Baker also sold 1,731 shares at $107.00 on August 25, valued at $185,217. The back-to-back sales may be interpreted as near-term profit-taking and are the clearest recent pressure on NVEC sentiment. NVE director August 25 stock sale report
• Negative Sentiment: The dividend’s reported payout ratio is above 100%, raising questions about its sustainability if earnings or cash flow weaken.

Institutional Investors Weigh In On NVE

Several hedge funds have recently bought and sold shares of NVEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NVE by 5.7% in 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 purchasing an additional 156 shares during the last quarter. Jane Street Group LLC bought a new stake in NVE in the first quarter valued at approximately $351,000. State of Tennessee Department of Treasury raised its stake in NVE by 137.4% in 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. Handelsbanken Fonder AB lifted its position in shares of NVE by 62.8% in the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after buying an additional 39,565 shares during the last quarter. Finally, McMillan Office Inc. acquired a new stake in shares of NVE in the fourth quarter valued at approximately $30,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen upgraded NVE from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, NVE has an average rating of “Buy”.

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.