Insider Selling: NVE (NASDAQ:NVEC) Director Sells $2,145,498.60 in Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 21,140 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $101.49, for a total transaction of $2,145,498.60. Following the completion of the sale, the director directly owned 17,932 shares of the company’s stock, valued at approximately $1,819,918.68. This trade represents a 54.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NVE Price Performance

NASDAQ NVEC opened at $100.51 on Friday. The company has a fifty day moving average of $106.26 and a two-hundred day moving average of $92.23. The company has a market capitalization of $486.17 million, a PE ratio of 27.02 and a beta of 1.36. NVE Corporation has a 1 year low of $57.21 and a 1 year high of $135.00.

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

NVE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 3rd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.00 annualized dividend and a yield of 4.0%. NVE’s payout ratio is 107.53%.

Institutional Investors Weigh In On NVE

Several hedge funds have recently made changes to their positions in NVEC. Ranger Investment Management L.P. purchased a new position in shares of NVE during the second quarter worth about $12,686,000. Handelsbanken Fonder AB raised its stake in NVE by 62.8% during the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after acquiring an additional 39,565 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in NVE during the 2nd quarter worth approximately $4,879,000. California State Teachers Retirement System grew its stake in shares of NVE by 2,613.4% in the 2nd quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock valued at $743,000 after purchasing an additional 6,847 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in shares of NVE by 137.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 3,818 shares during the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in 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 cut shares of NVE from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Key Headlines Impacting NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s latest reported quarter showed solid financial performance, including $1.32 in EPS, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity. The company also pays a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and an approximately 4% yield.
• Neutral Sentiment: Short-interest data reported zero shares sold short as of September 10, indicating that short sellers are not a meaningful source of current trading pressure. However, NVEC remains below its 50-day moving average while above its 200-day average, reflecting mixed technical momentum.
• Negative Sentiment: Director Daniel Baker sold 21,140 shares for approximately $2.15 million at an average price of $101.49, reducing his ownership by 54.11%. Although insider sales do not necessarily indicate deteriorating fundamentals, the size of the transaction can pressure sentiment, particularly with NVEC trading at a price-to-earnings ratio near 27.

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.