NVE Co. (NASDAQ:NVEC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $77.87 and traded as high as $87.41. NVE shares last traded at $85.75, with a volume of 11,720 shares traded.
NVE Price Performance
The stock has a market capitalization of $415.38 million, a P/E ratio of 19.28 and a beta of 1.19. The firm's 50 day moving average price is $83.01 and its 200 day moving average price is $77.93.
NVE (NASDAQ:NVEC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter. NVE had a net margin of 60.66% and a return on equity of 32.31%. The company had revenue of $6.76 million for the quarter.
NVE Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, January 29th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Friday, January 26th. NVE's dividend payout ratio is currently 89.69%.
Hedge Funds Weigh In On NVE
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. lifted its position in NVE by 1.9% during the second quarter. Sei Investments Co. now owns 7,676 shares of the semiconductor company's stock valued at $748,000 after purchasing an additional 141 shares during the period. State Street Corp grew its stake in shares of NVE by 0.4% in the 3rd quarter. State Street Corp now owns 45,775 shares of the semiconductor company's stock worth $2,135,000 after buying an additional 203 shares in the last quarter. US Bancorp DE lifted its holdings in shares of NVE by 3.6% in the 4th quarter. US Bancorp DE now owns 6,438 shares of the semiconductor company's stock worth $505,000 after acquiring an additional 224 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of NVE by 4.6% in the 3rd quarter. Rhumbline Advisers now owns 5,518 shares of the semiconductor company's stock worth $453,000 after acquiring an additional 245 shares during the last quarter. Finally, Gladius Capital Management LP lifted its holdings in NVE by 159.3% during the 4th quarter. Gladius Capital Management LP now owns 420 shares of the semiconductor company's stock valued at $33,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company's stock.
About NVE
(
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NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.
Further Reading
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