Insider Selling: NVE (NASDAQ:NVEC) Director Sells 1,731 Shares

by · The Markets Daily

NVE Corporation (NASDAQ:NVEC – Get Free Report) Director Daniel Baker sold 1,731 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $107.00, for a total transaction of $185,217.00. Following the completion of the sale, the director directly owned 43,072 shares of the company’s stock, valued at approximately $4,608,704. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NVE Trading Down 0.0%

Shares of NVEC traded down $0.04 during midday trading on Thursday, hitting $107.08. The stock had a trading volume of 74,910 shares, compared to its average volume of 158,762. NVE Corporation has a fifty-two week low of $57.21 and a fifty-two week high of $135.00. The firm has a market cap of $518.27 million, a P/E ratio of 28.78 and a beta of 1.37. The business has a 50-day simple moving average of $106.44 and a two-hundred day simple moving average of $89.82.

NVE (NASDAQ:NVEC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. The company had revenue of $11.03 million during the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 3rd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 3.7%. NVE’s dividend payout ratio is 107.53%.

NVE News Roundup

Here are the key news stories impacting NVE this week:

  • Neutral Sentiment: With no new earnings release, analyst action, contract announcement or insider-trading report concerning NVE Corporation, investor interest in NVEC appears to be driven mainly by normal trading activity rather than a fresh fundamental catalyst.
  • Neutral Sentiment: The company’s latest reported quarter showed $1.32 in earnings per share and $11.03 million in revenue. NVE also reported a 57.64% net margin and 30.53% return on equity, providing a strong profitability backdrop, although those results were released earlier and are not new developments today.
  • Neutral Sentiment: NVEC is trading near its 50-day moving average and well above its 200-day moving average, suggesting that the stock’s broader trend remains positive even as the lack of new company news limits a clear near-term direction.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of NVE from a “hold” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on NVEC

Institutional Investors Weigh In On NVE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ranger Investment Management L.P. acquired a new position in NVE in the 2nd quarter worth about $12,686,000. Bank of New York Mellon Corp bought a new position in NVE during the second quarter worth $4,879,000. Handelsbanken Fonder AB increased its position in NVE by 62.8% in the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after buying an additional 39,565 shares in the last quarter. California State Teachers Retirement System raised its position in shares of NVE by 2,613.4% during the second quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock worth $743,000 after purchasing an additional 6,847 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of NVE in the first quarter valued at $351,000. Institutional investors own 65.95% of the company’s stock.

About NVE

(Get Free Report)

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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