NVE (NASDAQ:NVEC) Director Sells $2,145,498.60 in Stock

Key Points

• NVE Director Daniel Baker sold 21,140 shares at an average price of $101.49, generating approximately $2.15 million and reducing his position by 54.11% to 17,932 shares.
• NVEC shares recently traded at $99.06, with a market capitalization of about $479 million and a 52-week range of $57.21 to $135.00. The stock remains above its 200-day moving average but below its 50-day average.
• NVE reported quarterly earnings of $1.32 per share on $11.03 million in revenue, alongside a 57.64% net margin, and paid a quarterly dividend of $1.00 per share, representing a 4.0% annualized yield.

NVE Corporation (NASDAQ:NVEC - Get Free Report) Director Daniel Baker sold 21,140 shares of NVE stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $101.49, for a total value of $2,145,498.60. Following the transaction, the director owned 17,932 shares of the company's stock, valued at $1,819,918.68. The trade was a 54.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

NVE Stock Performance

Shares of NVEC traded down $2.91 during trading hours on Wednesday, hitting $99.06. The company had a trading volume of 141,674 shares, compared to its average volume of 121,674. The stock has a market capitalization of $479.45 million, a price-to-earnings ratio of 26.63 and a beta of 1.36. The firm has a fifty day moving average price of $106.23 and a 200-day moving average price of $91.95. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00.

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

NVE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 3rd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. NVE's dividend payout ratio (DPR) is 107.53%.

More NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s most recently reported quarter showed solid profitability, including earnings of $1.32 per share, $11.03 million in revenue, a 57.64% net margin, and a 30.53% return on equity. However, these results were not released within the current news window.
• Neutral Sentiment: Trading volume was modestly above the company’s average, suggesting some additional activity but not an exceptionally large surge. NVEC remains above its 200-day moving average while trading below its 50-day average, indicating mixed technical momentum.
• Negative Sentiment: With no fresh positive catalyst identified, investors may be taking profits or responding to broader market conditions. The stock’s price-to-earnings ratio of approximately 27.4 also leaves room for valuation-sensitive selling if investors become less willing to pay a premium for growth.

Institutional Investors Weigh In On NVE

A number of institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 156 shares during the last quarter. Jane Street Group LLC bought a new stake in NVE in the first quarter worth $351,000. State of Tennessee Department of Treasury lifted its position in NVE by 137.4% in the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company's stock worth $486,000 after buying an additional 3,818 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in NVE by 62.8% during the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company's stock worth $6,087,000 after buying an additional 39,565 shares during the period. Finally, McMillan Office Inc. purchased a new position in NVE during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 65.95% of the company's stock.

Wall Street Analysts Forecast Growth

NVEC has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of NVE from a "hold" rating to a "buy" rating in a research note on Sunday, August 23rd. Weiss Ratings upgraded NVE from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

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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