NVE Corporation (NASDAQ:NVEC - Get Free Report) announced a quarterly dividend on Thursday, July 24th, Wall Street Journal reports. Investors of record on Monday, August 4th will be given a dividend of 1.00 per share by the semiconductor company on Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 6.28%. The ex-dividend date is Monday, August 4th.
NVE Stock Performance
NVEC traded down $16.92 on Thursday, hitting $63.74. 119,740 shares of the company were exchanged, compared to its average volume of 43,184. NVE has a 12 month low of $51.50 and a 12 month high of $89.98. The company has a market cap of $308.50 million, a PE ratio of 20.50 and a beta of 1.15. The stock's fifty day moving average is $73.75 and its 200-day moving average is $69.73.
NVE (NASDAQ:NVEC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. NVE had a return on equity of 23.63% and a net margin of 58.22%. The business had revenue of $6.11 million for the quarter.
Institutional Trading of NVE
A hedge fund recently raised its stake in NVE stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NVE Corporation (NASDAQ:NVEC - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,873 shares of the semiconductor company's stock after buying an additional 156 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of NVE worth $183,000 at the end of the most recent quarter. Institutional investors own 65.95% of the company's stock.
About NVE
(
Get Free Report)
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.
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