Insider Selling: NVE (NASDAQ:NVEC) CEO Sells 1,155 Shares of Stock
by Michael Walen · The Markets DailyNVE Corporation (NASDAQ:NVEC – Get Free Report) CEO Daniel Baker sold 1,155 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $74.04, for a total transaction of $85,516.20. Following the completion of the sale, the chief executive officer directly owned 60,031 shares in the company, valued at approximately $4,444,695.24. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NVE Price Performance
Shares of NVE stock traded down $0.23 during trading on Thursday, hitting $72.05. 53,835 shares of the stock were exchanged, compared to its average volume of 49,474. The stock has a market cap of $348.72 million, a price-to-earnings ratio of 24.67 and a beta of 1.24. The firm’s 50-day moving average price is $66.31 and its 200 day moving average price is $66.80. NVE Corporation has a 12-month low of $51.50 and a 12-month high of $82.30.
NVE (NASDAQ:NVEC – Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The semiconductor company reported $0.70 earnings per share for the quarter. The company 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 5.6%. NVE’s dividend payout ratio (DPR) is presently 136.99%.
Institutional Trading of NVE
Several hedge funds have recently modified their holdings of NVEC. Cornerstone Planning Group LLC purchased a new stake in NVE during the third quarter worth about $36,000. SG Americas Securities LLC acquired a new stake in shares of NVE during the 3rd quarter valued at approximately $143,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 valued at $183,000 after acquiring an additional 156 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of NVE during the 2nd quarter worth approximately $211,000. Finally, Jane Street Group LLC acquired a new stake in shares of NVE in the 1st quarter worth approximately $351,000. 65.95% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NVE in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Stock Analysis on NVE
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.