NVE (NASDAQ:NVEC) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded NVE from “buy” to “hold,” although Weiss Ratings recently upgraded the stock to “buy” and the overall analyst consensus remains “Buy.”
• NVE reported quarterly earnings of $1.32 per share on $11.03 million in revenue, with a 57.64% net margin and 30.53% return on equity.
• The stock opened at $121.25, near its 52-week high of $135, with a P/E ratio of 32.59; meanwhile, CEO Daniel A. Baker sold 15,222 shares, and insiders sold 20,000 shares during the last quarter.

NVE (NASDAQ:NVEC - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded shares of NVE from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy".

NVE Price Performance

Shares of NVEC stock opened at $121.25 on Friday. NVE has a 12-month low of $57.21 and a 12-month high of $135.00. The firm has a market capitalization of $586.85 million, a price-to-earnings ratio of 32.59 and a beta of 1.37. The business has a 50 day simple moving average of $106.19 and a 200 day simple moving average of $87.03.

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

Insider Activity at NVE

In related news, CEO Daniel A. Baker sold 15,222 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $114.08, for a total transaction of $1,736,525.76. Following the sale, the chief executive officer owned 46,303 shares of the company's stock, valued at $5,282,246.24. The trade was a 24.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 20,000 shares of company stock worth $2,298,260 in the last quarter. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $183,000 after buying an additional 156 shares in the last quarter. McMillan Office Inc. bought a new position in NVE during the fourth quarter valued at about $30,000. State of Tennessee Department of Treasury boosted its stake in 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 buying an additional 3,818 shares in the last quarter. Jane Street Group LLC acquired a new position in NVE during the first quarter worth about $351,000. Finally, Handelsbanken Fonder AB grew its holdings 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 acquiring an additional 39,565 shares during the period. 65.95% of the stock is owned by institutional investors.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: The most recent NVEC operating results cited in the background were strong, with quarterly earnings of $1.32 per share on $11.03 million in revenue. The company also reported a 57.64% net margin and 30.53% return on equity, which may continue to support investor interest, although those results are not new.
• Neutral Sentiment: Trading volume was above the stock’s average, while the shares remained well above their 50-day and 200-day moving averages. This suggests continued momentum may have contributed to the increase, but the supplied articles do not identify a specific catalyst.
• Negative Sentiment: At approximately $121, NVEC trades at a P/E ratio near 32.6 and remains below its 52-week high of $135.00. The valuation and proximity to recent highs could leave the stock vulnerable to profit-taking if new fundamental catalysts do not emerge.

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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