NVE Corporation (NASDAQ:NVEC – Get Free Report) Director Daniel Baker sold 1,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $121.50, for a total transaction of $182,250.00. Following the sale, the director directly owned 44,803 shares of the company’s stock, valued at approximately $5,443,564.50. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NVE Stock Down 3.0%
Shares of NVE stock opened at $111.28 on Thursday. The business has a 50 day moving average price of $106.80 and a 200-day moving average price of $88.03. NVE Corporation has a 52 week low of $57.21 and a 52 week high of $135.00. The company has a market cap of $538.60 million, a PE ratio of 29.91 and a beta of 1.37.
NVE (NASDAQ:NVEC – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 EPS for the quarter. The business 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%.
NVE Announces Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Ranger Investment Management L.P. bought a new position in shares of NVE in the second quarter worth approximately $12,686,000. Bank of New York Mellon Corp bought a new position in shares of NVE in the 2nd quarter worth $4,879,000. McMillan Office Inc. bought a new position in shares of NVE in the 4th quarter worth $30,000. Handelsbanken Fonder AB raised its position 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 valued at $6,087,000 after buying an additional 39,565 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of 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 worth $486,000 after acquiring an additional 3,818 shares during the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on NVEC shares. Wall Street Zen lowered shares of NVE from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Read Our Latest Analysis on NVEC
Key Headlines Impacting NVE
Here are the key news stories impacting NVE this week:
- Negative Sentiment: Director Daniel A. Baker sold 1,500 NVE shares at an average price of $121.50, generating approximately $182,250. The sale reduced his holdings by 3.24%, leaving him with 44,803 shares valued at roughly $5.44 million. Investors may interpret the transaction as a modest near-term caution signal, particularly with NVEC trading well above its 200-day moving average and near the upper portion of its 52-week range. Insider Move at NVE Sparks Fresh Investor Buzz SEC insider-trading filing
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.
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