NVE Corporation (NASDAQ:NVEC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.78 and traded as high as $67.56. NVE shares last traded at $67.00, with a volume of 47,549 shares trading hands.
NVE Stock Performance
The firm has a market cap of $324.28 million, a price-to-earnings ratio of 22.33 and a beta of 1.24. The stock's 50 day simple moving average is $66.53 and its 200-day simple moving average is $66.78.
NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%. The business had revenue of $6.11 million for the quarter.
NVE Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 4th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, August 4th. NVE's dividend payout ratio is 133.33%.
Institutional Trading of NVE
Large investors have recently made changes to their positions in the business. Quantinno Capital Management LP purchased a new stake in shares of NVE in the 4th quarter valued at $225,000. Handelsbanken Fonder AB purchased a new position in NVE during the second quarter valued at $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NVE by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company's stock valued at $183,000 after purchasing an additional 156 shares in the last quarter. Canton Hathaway LLC lifted its holdings in NVE by 185.0% during the first quarter. Canton Hathaway LLC now owns 2,950 shares of the semiconductor company's stock valued at $188,000 after purchasing an additional 1,915 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new position in NVE during the first quarter valued at $277,000. 65.95% of the stock is owned by hedge funds and other institutional investors.
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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