NVE Corporation (NASDAQ:NVEC) Shares to Pay Quarterly Dividend of $1.00

by · The Markets Daily

NVE Corporation (NASDAQ:NVEC – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be paid a dividend of $1.00 per share by the semiconductor company on Monday, November 30th. This represents a $4.00 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, November 2nd.

NVE Trading Down 31.7%

NASDAQ:NVEC traded down $32.66 during mid-day trading on Thursday, hitting $70.41. 257,141 shares of the company’s stock were exchanged, compared to its average volume of 129,092. NVE has a fifty-two week low of $57.21 and a fifty-two week high of $135.00. The firm has a market capitalization of $340.79 million, a P/E ratio of 18.97 and a beta of 1.34. The company has a 50 day simple moving average of $106.26 and a 200-day simple moving average of $100.04.

NVE (NASDAQ:NVEC – Get Free Report) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $0.65 earnings per share for the quarter. The business had revenue of $5.58 million during the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen lowered shares of NVE from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings upgraded shares of NVE from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

View Our Latest Research Report on NVEC

About NVE

(Get Free Report)

NVE Corporation (NASDAQ: NVEC) develops and manufactures spintronic devices that use electron-spin properties to acquire, transmit, and store data. The company’s technology is designed to provide high sensitivity, low power consumption, and electrical isolation in applications that require the transfer or detection of digital signals.

Its product portfolio includes magnetic sensors, digital isolators, and couplers. These components are used in industrial equipment, factory automation, medical devices, energy systems, transportation, and other applications that require sensing, signal isolation, or communication between electrically separated circuits.

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