Insider Selling: NVE (NASDAQ:NVEC) Director Sells $438,000.00 in Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $109.50, for a total transaction of $438,000.00. Following the completion of the sale, the director directly owned 39,072 shares in the company, valued at approximately $4,278,384. This trade represents a 9.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NVE Trading Down 0.0%

Shares of NVEC stock traded down $0.04 during mid-day trading on Thursday, reaching $107.08. The stock had a trading volume of 74,910 shares, compared to its average volume of 158,762. The firm has a market capitalization of $518.27 million, a PE ratio of 28.78 and a beta of 1.37. The stock’s 50-day moving average price is $106.44 and its two-hundred day moving average price is $89.82. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00.

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

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 annualized dividend and a dividend yield of 3.7%. NVE’s payout ratio is 107.53%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NVE from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Trading of NVE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in shares of NVE by 2,613.4% during the second 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 in the last quarter. Odyssean LLC bought a new position in shares of NVE during the second quarter valued at $248,000. Ranger Investment Management L.P. bought a new position in shares of NVE during the second quarter valued at $12,686,000. Bank of New York Mellon Corp purchased a new position in shares of NVE in the 2nd quarter worth about $4,879,000. Finally, McMillan Office Inc. purchased a new position in shares of NVE in the 4th quarter worth about $30,000. 65.95% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: With no new earnings release, analyst action, contract announcement or insider-trading report concerning NVE Corporation, investor interest in NVEC appears to be driven mainly by normal trading activity rather than a fresh fundamental catalyst.
• Neutral Sentiment: The company’s latest reported quarter showed $1.32 in earnings per share and $11.03 million in revenue. NVE also reported a 57.64% net margin and 30.53% return on equity, providing a strong profitability backdrop, although those results were released earlier and are not new developments today.
• Neutral Sentiment: NVEC is trading near its 50-day moving average and well above its 200-day moving average, suggesting that the stock’s broader trend remains positive even as the lack of new company news limits a clear near-term direction.

About NVE

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.