NVE’s (NVEC) “Hold (C)” Rating Reiterated at Weiss Ratings

NVE (NASDAQ:NVEC)‘s stock had its “hold (c)” rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

NVE Stock Up 0.8%

Shares of NVEC opened at $72.77 on Friday. The firm has a 50-day moving average price of $67.33 and a 200 day moving average price of $67.72. The firm has a market capitalization of $352.21 million, a PE ratio of 25.53 and a beta of 1.22. NVE has a 52-week low of $51.50 and a 52-week high of $88.50.

NVE (NASDAQ:NVEC) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $6.35 million during the quarter. NVE had a net margin of 55.79% and a return on equity of 22.48%.

Hedge Funds Weigh In On NVE

Several large investors have recently made changes to their positions in NVEC. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of NVE during the 1st quarter valued at about $3,908,000. Penserra Capital Management LLC boosted its position in shares of NVE by 41.0% during the 1st quarter. Penserra Capital Management LLC now owns 187,037 shares of the semiconductor company’s stock valued at $11,921,000 after purchasing an additional 54,404 shares in the last quarter. Rhumbline Advisers boosted its position in shares of NVE by 34.4% during the 1st quarter. Rhumbline Advisers now owns 78,419 shares of the semiconductor company’s stock valued at $4,998,000 after purchasing an additional 20,061 shares in the last quarter. Nuveen LLC bought a new position in shares of NVE during the 1st quarter valued at about $876,000. Finally, Round Rock Advisors LLC boosted its position in shares of NVE by 155.6% during the 1st quarter. Round Rock Advisors LLC now owns 16,806 shares of the semiconductor company’s stock valued at $1,071,000 after purchasing an additional 10,231 shares in the last quarter. Institutional investors own 65.95% of the company’s stock.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.