NVE (NASDAQ:NVEC - Get Free Report) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $6.11 million for the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%.
NVE Price Performance
NASDAQ:NVEC traded down $0.30 during mid-day trading on Friday, reaching $63.44. The stock had a trading volume of 74,170 shares, compared to its average volume of 84,708. NVE has a 12 month low of $51.50 and a 12 month high of $89.98. The stock has a market capitalization of $307.05 million, a PE ratio of 21.15 and a beta of 1.15. The stock has a 50-day simple moving average of $73.43 and a two-hundred day simple moving average of $69.35.
NVE Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 4th will be paid a $1.00 dividend. The ex-dividend date is Monday, August 4th. This represents a $4.00 dividend on an annualized basis and a yield of 6.31%. NVE's dividend payout ratio (DPR) is 133.33%.
Institutional Trading of NVE
An institutional investor recently raised its position in NVE stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NVE Corporation (NASDAQ:NVEC - Free Report) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.06% of NVE worth $183,000 at the end of the most recent quarter. 65.95% of the stock is owned by hedge funds and other institutional investors.
NVE Company Profile
(
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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