NVE Corporation (NVEC) To Go Ex-Dividend on November 2nd

NVE Corporation (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be given a dividend of $1.00 per share by the semiconductor company on Monday, November 30th. This represents a $4.00 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, November 2nd.

NVE Price Performance

Shares of NVEC opened at $77.58 on Friday. The business’s fifty day moving average price is $101.15 and its 200 day moving average price is $90.39. NVE has a 12-month low of $57.21 and a 12-month high of $135.00. The stock has a market capitalization of $375.80 million, a PE ratio of 21.02 and a beta of 1.34.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $0.65 earnings per share for the quarter. NVE had a net margin of 58.15% and a return on equity of 30.52%. The firm had revenue of $5.58 million during the quarter.

About NVE

NVE Corporation (NASDAQ: NVEC) develops and manufactures spintronic devices, which use the effects of electron spin to sense, store and transmit information. The company’s technology is designed to provide low-power, high-performance solutions for applications that require magnetic sensing, data transfer or nonvolatile memory.

NVE’s product portfolio includes magnetic field sensors, magnetic couplers and isolators, and other components based on giant magnetoresistance (GMR) and tunnel magnetoresistance (TMR) technologies.