NASDAQ:NVEC

NVE (NVEC) Stock Forecast, Price & News

$81.54

+1.36 (+1.70%)

(As of 09/28/2023 ET)

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Today's Range: $79.21
▼
$82.19
50-Day Range: $76.13
▼
$88.69
52-Week Range: $46.00
▼
$100.19

Volume: 15,951 shs
Average Volume: 41,010 shs
Market Capitalization: $393.84 million

P/E Ratio: 17.17
Dividend Yield: 4.91%
Price Target: N/A

NVE MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
4.04% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.87
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Computer And Technology Sector

431st out of 601 stocks

Semiconductors & Related Devices Industry

65th out of 89 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for NVE.

3.0

Short Interest

Percentage of Shares Shorted
4.04% of the float of NVE has been sold short.
Short Interest Ratio / Days to Cover
NVE has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in NVE has recently decreased by 0.67%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
NVE is a leading dividend payer. It pays a dividend yield of 5.01%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
NVE does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of NVE is 84.21%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NVEC.

3.3

News and Social Media Coverage

News Sentiment
NVE has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for NVE this week, compared to 6 articles on an average week.
MarketBeat Follows
4 people have added NVE to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NVE insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.00% of the stock of NVE is held by insiders.
Percentage Held by Institutions
64.06% of the stock of NVE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of NVE is 17.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of NVE is 17.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 266.98.
Price to Book Value per Share Ratio
NVE has a P/B Ratio of 5.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NVE (NASDAQ:NVEC) Stock

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. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion and industrial Internet of Things (IIoT) market; and DC-to-DC convertors for use in power conversion systems and industrial networks for the IIoT. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

NVEC Price History

30 days | 90 days | 365 days | Advanced Chart

NVEC Stock News Headlines

September 26, 2023 | businesswire.com

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Archer Aviation, Inc. (ACHR) Investors

September 25, 2023 | financialpost.com

AngloGold Ashanti plc Completes the Primary Listing of Its Ordinary Shares on the NYSE and Commences Trading

September 28, 2023 | Chaikin Analytics (Ad)

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