NVE (NASDAQ:NVEC) Director Daniel Baker Sells 4,000 Shares of Stock

Key Points

• Director Daniel Baker sold 4,000 NVEC shares at an average price of $109.50, generating $438,000 and reducing his direct ownership by 9.29% to 39,072 shares.
• NVE reported quarterly EPS of $1.32 on $11.03 million in revenue, with a 57.64% net margin and 30.53% return on equity. The company also declared a $1.00 quarterly dividend, equivalent to a 3.7% yield.
• Analysts have upgraded NVE to “Buy,” while institutional investors own 65.95% of the stock. NVEC recently traded near $107, below its 52-week high of $135 but above its 200-day moving average.

NVE Corporation (NASDAQ:NVEC - Get Free Report) Director Daniel Baker sold 4,000 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $109.50, for a total value of $438,000.00. Following the completion of the sale, the director directly owned 39,072 shares in the company, valued at approximately $4,278,384. The trade was a 9.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NVE Stock Performance

NVEC traded down $0.04 on Thursday, reaching $107.08. The company had a trading volume of 74,910 shares, compared to its average volume of 158,762. 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 $518.27 million, a price-to-earnings ratio of 28.78 and a beta of 1.37. The business has a 50 day simple moving average of $106.44 and a 200 day simple moving average of $89.82.

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 net margin of 57.64% and a return on equity of 30.53%. The firm had revenue of $11.03 million for the quarter.

NVE Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. McMillan Office Inc. purchased a new stake in NVE during the 4th quarter valued at about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 worth $183,000 after purchasing an additional 156 shares during the period. Odyssean LLC bought a new stake in NVE in the second quarter valued at approximately $248,000. Jane Street Group LLC bought a new stake in NVE in the first quarter valued at approximately $351,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of NVE by 137.4% during the second 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 period. Hedge funds and other institutional investors own 65.95% of the company's stock.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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