NVE (NASDAQ:NVEC) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded NVE from “Buy” to “Hold,” while Weiss Ratings raised its rating from “Hold (C+)” to “Buy (B-).” Despite the differing views, MarketBeat reports a consensus “Buy” rating.
• NVE shares opened at $100.51, with a market capitalization of approximately $486 million and a P/E ratio of 27.02. In its latest quarter, the company reported $1.32 in EPS, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity.
• Director Daniel Baker sold 21,140 shares for approximately $2.15 million, reducing his position by 54.11%; insiders have sold about $5.25 million in stock over the past 90 days. Institutional investors and hedge funds own 65.95% of the company.

NVE (NASDAQ:NVEC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of NVE from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy".

NVE Stock Up 3.0%

Shares of NVEC stock opened at $100.51 on Friday. NVE has a 12 month low of $57.21 and a 12 month high of $135.00. The firm has a market cap of $486.17 million, a PE ratio of 27.02 and a beta of 1.36. The stock has a 50 day moving average of $106.26 and a 200-day moving average of $92.23.

NVE (NASDAQ:NVEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.The company had revenue of $11.03 million during the quarter.

Insider Activity at NVE

In other news, Director Daniel Baker sold 21,140 shares of NVE stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $101.49, for a total transaction of $2,145,498.60. Following the sale, the director owned 17,932 shares of the company's stock, valued at approximately $1,819,918.68. This trade represents a 54.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 48,371 shares of company stock valued at $5,249,226. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. McMillan Office Inc. acquired a new stake in NVE during the fourth quarter worth $30,000. Odyssean LLC acquired a new position in shares of NVE in the 2nd quarter valued at $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NVE by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company's stock valued at $183,000 after buying an additional 156 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of NVE during the 2nd quarter worth about $497,000. Finally, Jane Street Group LLC bought a new position in shares of NVE during the 1st quarter worth about $351,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.

More NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s latest reported quarter showed solid financial performance, including $1.32 in EPS, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity. The company also pays a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and an approximately 4% yield.
• Neutral Sentiment: Short-interest data reported zero shares sold short as of September 10, indicating that short sellers are not a meaningful source of current trading pressure. However, NVEC remains below its 50-day moving average while above its 200-day average, reflecting mixed technical momentum.
• Negative Sentiment: Director Daniel Baker sold 21,140 shares for approximately $2.15 million at an average price of $101.49, reducing his ownership by 54.11%. Although insider sales do not necessarily indicate deteriorating fundamentals, the size of the transaction can pressure sentiment, particularly with NVEC trading at a price-to-earnings ratio near 27.

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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