Insider Selling: NVE (NASDAQ:NVEC) Director Sells 1,731 Shares

Key Points

• NVE director Daniel Baker sold 1,731 shares at an average price of $107, generating $185,217; his remaining stake fell 3.86% to 43,072 shares.
• NVEC shares were essentially flat at $107.08, while the company reported quarterly EPS of $1.32 on $11.03 million in revenue, with a 57.64% net margin.
• NVE declared a quarterly dividend of $1 per share, equivalent to $4 annually and a 3.7% yield; analysts maintain a consensus “Buy” rating, and institutional investors own 65.95% of the stock.

NVE Corporation (NASDAQ:NVEC - Get Free Report) Director Daniel Baker sold 1,731 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $107.00, for a total transaction of $185,217.00. Following the completion of the sale, the director directly owned 43,072 shares of the company's stock, valued at approximately $4,608,704. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NVE Trading Down 0.0%

Shares of NVEC traded down $0.04 during midday trading on Thursday, hitting $107.08. The stock had a trading volume of 74,910 shares, compared to its average volume of 158,762. NVE Corporation has a fifty-two week low of $57.21 and a fifty-two week high of $135.00. The firm has a market cap of $518.27 million, a P/E ratio of 28.78 and a beta of 1.37. The business has a 50-day simple moving average of $106.44 and a two-hundred day simple moving average of $89.82.

NVE (NASDAQ:NVEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. The company 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 3rd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 3.7%. NVE's dividend payout ratio is 107.53%.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: With no new earnings release, analyst action, contract announcement or insider-trading report concerning NVE Corporation, investor interest in NVEC appears to be driven mainly by normal trading activity rather than a fresh fundamental catalyst.
• Neutral Sentiment: The company’s latest reported quarter showed $1.32 in earnings per share and $11.03 million in revenue. NVE also reported a 57.64% net margin and 30.53% return on equity, providing a strong profitability backdrop, although those results were released earlier and are not new developments today.
• Neutral Sentiment: NVEC is trading near its 50-day moving average and well above its 200-day moving average, suggesting that the stock’s broader trend remains positive even as the lack of new company news limits a clear near-term direction.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings raised NVE from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of NVE from a "hold" rating to a "buy" rating in a report on Sunday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE has a consensus rating of "Buy".

Institutional Investors Weigh In On NVE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ranger Investment Management L.P. acquired a new position in NVE in the 2nd quarter worth about $12,686,000. Bank of New York Mellon Corp bought a new position in NVE during the second quarter worth $4,879,000. Handelsbanken Fonder AB increased its position in NVE by 62.8% in 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. California State Teachers Retirement System raised its position in shares of NVE by 2,613.4% during the second quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company's stock worth $743,000 after purchasing an additional 6,847 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of NVE in the first quarter valued at $351,000. Institutional investors own 65.95% of the company's stock.

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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