NVE Corporation (NASDAQ:NVEC – Get Free Report) shares saw strong trading volume on Tuesday . 120,743 shares changed hands during trading, an increase of 55% from the previous session’s volume of 77,802 shares.The stock last traded at $105.5220 and had previously closed at $106.87.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of NVE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, NVE presently has a consensus rating of “Hold”.
NVE Price Performance
NVE (NASDAQ:NVEC – Get Free Report) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter. NVE had a return on equity of 25.62% and a net margin of 57.72%.The business had revenue of $7.65 million for the quarter.
NVE Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $1.00 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.8%. NVE’s dividend payout ratio (DPR) is 127.39%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in NVEC. Handelsbanken Fonder AB increased its stake in NVE by 2,103.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 63,027 shares of the semiconductor company’s stock valued at $4,114,000 after buying an additional 60,167 shares during the last quarter. Isthmus Partners LLC boosted its stake in shares of NVE by 16.4% during 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 last quarter. Jane Street Group LLC acquired a new position in shares of NVE during the 1st quarter worth about $351,000. State of Tennessee Department of Treasury grew its holdings in shares of NVE by 137.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after acquiring an additional 3,818 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of NVE by 78.9% in the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 1,733 shares in the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.
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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