NVE Corp. (NASDAQ:NVEC) will be announcing its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Earnings History for NVE Corp. (NASDAQ:NVEC)

NVE Corp. (NASDAQ:NVEC) opened at 55.41 on Tuesday. The company has a 50-day moving average of $58.48 and a 200 day moving average of $57.56. NVE Corp. has a one year low of $45.47 and a one year high of $62.93. The company has a market cap of $267.91 million, a P/E ratio of 23.10 and a beta of 0.59.

In other news, Director Terrence Glarner sold 1,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $57.86, for a total transaction of $57,860.00. Following the completion of the sale, the director now owns 4,200 shares of the company’s stock, valued at $243,012. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Several large investors have recently modified their holdings of NVEC. BlackRock Advisors LLC increased its stake in shares of NVE Corp. by 0.6% in the second quarter. BlackRock Advisors LLC now owns 2,376 shares of the company’s stock valued at $139,000 after buying an additional 14 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of NVE Corp. by 2.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,853 shares of the company’s stock valued at $285,000 after buying an additional 100 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of NVE Corp. by 68.3% in the second quarter. Guggenheim Capital LLC now owns 7,942 shares of the company’s stock valued at $466,000 after buying an additional 3,222 shares in the last quarter. BlackRock Investment Management LLC increased its stake in shares of NVE Corp. by 10.4% in the second quarter. BlackRock Investment Management LLC now owns 19,855 shares of the company’s stock valued at $1,164,000 after buying an additional 1,869 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of NVE Corp. by 12.2% in the second quarter. US Bancorp DE now owns 23,494 shares of the company’s stock valued at $1,378,000 after buying an additional 2,550 shares in the last quarter. 73.47% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of NVE Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd.

NVE Corp. Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).

5 Day Chart for NASDAQ:NVEC

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