Daniel Baker Sells 1,155 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 1,155 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $74.04, for a total value of $85,516.20. Following the sale, the chief executive officer directly owned 60,031 shares in the company, valued at $4,444,695.24. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

NVE Trading Down 6.3%

NVEC opened at $67.49 on Friday. The firm has a market cap of $326.45 million, a price-to-earnings ratio of 23.11 and a beta of 1.24. NVE Corporation has a 12 month low of $51.50 and a 12 month high of $82.30. The stock has a fifty day moving average price of $66.46 and a 200-day moving average price of $66.74.

NVE (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, January 21st. The semiconductor company reported $0.70 earnings per share for the quarter. The company had revenue of $6.22 million for the quarter. NVE had a return on equity of 23.47% and a net margin of 54.59%.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.9%. NVE’s payout ratio is presently 136.99%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NVE in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of NVE

Institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB acquired a new position in NVE during the 2nd quarter valued at approximately $211,000. State of Tennessee Department of Treasury grew its holdings in shares of 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 last quarter. Jane Street Group LLC acquired a new position in shares of NVE in the 1st quarter valued at $351,000. SG Americas Securities LLC increased its holdings in shares of NVE by 78.9% in the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 1,733 shares during the period. Finally, Isthmus Partners LLC increased its holdings in NVE by 16.4% in the 3rd quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company’s stock worth $3,329,000 after buying an additional 7,186 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.