NVE's (NVEC) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• NVE's stock has been reiterated a "hold (C)" rating by Weiss Ratings, suggesting a cautious outlook on the company's performance.
• The company reported $0.68 earnings per share for the quarter, with a net margin of 55.79% and revenue of $6.35 million.
• Overall, institutional investors and hedge funds collectively own 65.95% of NVE's stock, indicating significant institutional interest in the company.

NVE (NASDAQ:NVEC - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

NVE Price Performance

NVEC stock opened at $72.77 on Friday. NVE has a 1-year low of $51.50 and a 1-year high of $88.50. The firm has a fifty day moving average price of $67.33 and a two-hundred day moving average price of $67.72. The firm has a market cap of $352.21 million, a price-to-earnings ratio of 25.53 and a beta of 1.22.

NVE (NASDAQ:NVEC - Get Free Report) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $0.68 earnings per share for the quarter. NVE had a net margin of 55.79% and a return on equity of 22.48%. The firm had revenue of $6.35 million during the quarter.

Hedge Funds Weigh In On NVE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP boosted its holdings in shares of NVE by 0.3% during the first quarter. Royce & Associates LP now owns 489,820 shares of the semiconductor company's stock valued at $31,221,000 after acquiring an additional 1,500 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of NVE by 1.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 371,752 shares of the semiconductor company's stock valued at $23,695,000 after acquiring an additional 5,063 shares during the period. Vanguard Group Inc. boosted its holdings in shares of NVE by 2.3% during the first quarter. Vanguard Group Inc. now owns 283,690 shares of the semiconductor company's stock valued at $18,082,000 after acquiring an additional 6,507 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of NVE by 41.0% during the first quarter. Penserra Capital Management LLC now owns 187,037 shares of the semiconductor company's stock valued at $11,921,000 after acquiring an additional 54,404 shares during the period. Finally, Rhumbline Advisers lifted its holdings in NVE by 3.7% in the second quarter. Rhumbline Advisers now owns 81,310 shares of the semiconductor company's stock worth $5,985,000 after purchasing an additional 2,891 shares during the period. Institutional investors and hedge funds own 65.95% of the company's stock.

About NVE

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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