NVE Corporation (NASDAQ:NVEC – Get Free Report) CEO Daniel Baker sold 1,518 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 64,785 shares of the company’s stock, valued at $7,616,124.60. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NVE Trading Up 2.3%
Shares of NVEC opened at $114.82 on Friday. The company’s fifty day simple moving average is $101.44 and its 200 day simple moving average is $83.00. NVE Corporation has a 1-year low of $57.21 and a 1-year high of $135.00. The company has a market cap of $555.73 million, a price-to-earnings ratio of 30.87 and a beta of 1.38.
NVE (NASDAQ:NVEC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 EPS for the quarter. The firm had revenue of $11.03 million during the quarter. NVE had a net margin of 57.64% and a return on equity of 30.53%.
NVE Dividend Announcement
Institutional Trading of NVE
Hedge funds have recently modified their holdings of the stock. McMillan Office Inc. acquired a new position in NVE in the 4th quarter valued at about $30,000. Handelsbanken Fonder AB lifted its position in NVE by 62.8% during the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock worth $6,087,000 after acquiring an additional 39,565 shares during the last quarter. SG Americas Securities LLC lifted 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 worth $233,000 after acquiring an additional 1,733 shares during the last quarter. State of Tennessee Department of Treasury boosted 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 worth $486,000 after acquiring an additional 3,818 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of NVE during the first quarter worth approximately $351,000. Institutional investors and hedge funds own 65.95% of the company’s stock.
Trending Headlines about NVE
Here are the key news stories impacting NVE this week:
- Positive Sentiment: NVE’s latest quarterly results showed $1.32 in earnings per share and $11.03 million in revenue, supported by a 57.6% net margin and 30.5% return on equity. The company also announced a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and roughly a 3.6% yield. NVE earnings and dividend report
- Positive Sentiment: Analyst sentiment improved after the earnings release, with Wall Street Zen and Weiss Ratings both upgrading NVE from hold ratings to buy ratings. MarketBeat reports a consensus “Buy” rating, adding support to the stock’s recent strength.
- Neutral Sentiment: NVE remains financially strong, but its valuation has risen to approximately 30 times earnings following the recent rally. The dividend payout ratio above 100% could also raise questions about long-term payout sustainability if earnings weaken.
- Negative Sentiment: President and CEO Daniel Baker sold 20,000 shares across transactions dated July 27–29 for approximately $2.3 million. The largest sale involved 15,222 shares and reduced his reported ownership by about 24.7%. NVE CEO insider-sale filing
- Negative Sentiment: NVE insiders have recorded four open-market sales and no purchases during the past six months. The CEO’s repeated selling, particularly after a sharp advance, may be viewed as a cautionary signal by investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on NVEC shares. Wall Street Zen upgraded NVE from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, NVE currently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on NVEC
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.
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