NVE Corporation (NASDAQ:NVEC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.02 and traded as high as $74.25. NVE shares last traded at $73.61, with a volume of 84,568 shares traded.
NVE Stock Up 0.6%
The company has a market capitalization of $358.40 million, a PE ratio of 23.81 and a beta of 1.15. The firm's 50-day moving average is $68.56 and its 200-day moving average is $70.02.
NVE (NASDAQ:NVEC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.80 EPS for the quarter. The firm had revenue of $6.95 million for the quarter. NVE had a return on equity of 23.63% and a net margin of 58.22%.
NVE Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Monday, May 19th. NVE's payout ratio is presently 128.62%.
Institutional Investors Weigh In On NVE
Hedge funds and other institutional investors have recently modified their holdings of the stock. Militia Capital Partners LP increased its position in shares of NVE by 100.0% in the first quarter. Militia Capital Partners LP now owns 8,000 shares of the semiconductor company's stock valued at $510,000 after acquiring an additional 4,000 shares during the period. Rhumbline Advisers boosted its position in shares of NVE by 34.4% during the first quarter. Rhumbline Advisers now owns 78,419 shares of the semiconductor company's stock valued at $4,998,000 after purchasing an additional 20,061 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of NVE during the 1st quarter valued at $351,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NVE by 5.7% during 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 buying an additional 156 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of NVE by 1.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 371,752 shares of the semiconductor company's stock worth $23,695,000 after buying an additional 5,063 shares during the period. Institutional investors own 65.95% of the company's stock.
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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