NVE (NASDAQ:NVEC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, ValuEngine upgraded NVE from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

NVE stock opened at $94.87 on Thursday. NVE has a 12-month low of $75.70 and a 12-month high of $135.00. The stock has a market capitalization of $465.70 million, a price-to-earnings ratio of 30.59 and a beta of 1.32.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, January 23rd. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter. NVE had a return on equity of 18.22% and a net margin of 53.96%. The firm had revenue of $6.27 million for the quarter.

A number of institutional investors have recently added to or reduced their stakes in NVEC. First Trust Advisors LP bought a new position in NVE in the third quarter valued at about $777,000. Wells Fargo & Company MN grew its position in NVE by 20.2% in the third quarter. Wells Fargo & Company MN now owns 160,878 shares of the semiconductor company’s stock valued at $17,034,000 after acquiring an additional 27,043 shares during the last quarter. Prudential Financial Inc. grew its position in NVE by 26.6% in the third quarter. Prudential Financial Inc. now owns 10,617 shares of the semiconductor company’s stock valued at $1,124,000 after acquiring an additional 2,228 shares during the last quarter. Bank of New York Mellon Corp grew its position in NVE by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 63,309 shares of the semiconductor company’s stock valued at $6,704,000 after acquiring an additional 600 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of NVE by 1.2% during the third quarter. BlackRock Inc. now owns 350,595 shares of the semiconductor company’s stock valued at $37,120,000 after purchasing an additional 4,261 shares in the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. 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 or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

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