NVE (NASDAQ:NVEC – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Separately, Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on NVE
NVE Stock Performance
NVE (NASDAQ:NVEC – Get Free Report) last issued 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 return on equity of 30.53% and a net margin of 57.64%.
Institutional Trading of NVE
A number of hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of NVE by 62.8% during the 4th 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 raised its stake in 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 during the period. State of Tennessee Department of Treasury lifted its holdings in NVE by 137.4% during 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 purchasing an additional 3,818 shares during the last quarter. Jane Street Group LLC acquired a new stake in NVE during the 1st quarter valued at $351,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NVE by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 156 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.
Key NVE News
Here are the key news stories impacting NVE this week:
- Positive Sentiment: NVE reported strong Q1 results with higher earnings, solid sales growth, and support from new products and emerging opportunities in robotics and AIoT. NVE Corp Q1 Earnings Surge Y/Y on Strong Sales & New Products
- Positive Sentiment: The company also declared a quarterly dividend of $1.00 per share, signaling continued cash returns to shareholders and supporting the investment case for income-oriented investors.
- Neutral Sentiment: Several follow-up articles and transcript posts focused on the earnings call and the stock’s sharp recent move, but they did not add materially new fundamentals beyond the earnings release.
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.
Read More
- Five stocks we like better than NVE
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for NVE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVE and related companies with MarketBeat.com's FREE daily email newsletter.
