NVE (NASDAQ:NVEC) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• NVE shares climbed above its 200-day moving average (200‑day MA $67.03), trading as high as $71.63 and last at $71.49 on volume of 89,761 shares, about a 1.8% intraday gain.
• The company pays a quarterly $1.00 dividend (annualized $4.00) for a roughly 5.6% yield
• NVE is a small‑cap semiconductor firm (market cap ~$346M) with a P/E of ~24.5, reported $0.70 EPS and a 54.6% net margin last quarter; analysts/Weiss Ratings maintain an overall Hold and institutions own about 66% of the stock.

NVE Corporation (NASDAQ:NVEC - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.03 and traded as high as $71.63. NVE shares last traded at $71.49, with a volume of 89,761 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c)" rating on shares of NVE in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

NVE Trading Up 1.8%

The firm has a market capitalization of $346.01 million, a price-to-earnings ratio of 24.48 and a beta of 1.26. The firm has a 50 day moving average price of $67.56 and a two-hundred day moving average price of $67.03.

NVE (NASDAQ:NVEC - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The semiconductor company reported $0.70 earnings per share for the quarter. The business had revenue of $6.22 million for the quarter. NVE had a return on equity of 23.47% and a net margin of 54.59%.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, February 2nd. NVE's payout ratio is currently 136.99%.

Insider Buying and Selling at NVE

In other news, CEO Daniel A. Baker sold 1,155 shares of NVE stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $74.04, for a total value of $85,516.20. Following the transaction, the chief executive officer directly owned 60,031 shares of the company's stock, valued at $4,444,695.24. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVE

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB lifted its position in NVE by 2,103.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 63,027 shares of the semiconductor company's stock worth $4,114,000 after acquiring an additional 60,167 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in NVE by 137.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company's stock worth $486,000 after acquiring an additional 3,818 shares in the last quarter. Jane Street Group LLC acquired a new position in NVE during the 1st quarter worth approximately $351,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 worth $183,000 after acquiring an additional 156 shares in the last quarter. Finally, McMillan Office Inc. acquired a new position in NVE during the 4th quarter worth approximately $30,000. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Company Profile

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.

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