NVE (NASDAQ:NVEC) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

NVE Corporation (NASDAQ:NVEC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $69.46 and traded as high as $95.46. NVE shares last traded at $92.66, with a volume of 177,568 shares trading hands.

Trending Headlines about NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE reported 27% year-over-year Q4 net income growth, supported by stronger product sales and an upbeat outlook for semiconductor and robotics demand.
• Positive Sentiment: The company’s recent earnings profile suggests improving profitability, which can support investor confidence in NVEC’s valuation.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NVE in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

NVE Stock Down 3.1%

The stock has a market capitalization of $448.20 million, a PE ratio of 29.51 and a beta of 1.36. The firm has a 50 day moving average price of $75.39 and a 200-day moving average price of $69.46.

NVE (NASDAQ:NVEC) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $1.02 EPS for the quarter. NVE had a net margin of 57.72% and a return on equity of 25.62%. The business had revenue of $7.65 million for the quarter.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be paid a $1.00 dividend. The ex-dividend date is Monday, May 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.3%. NVE’s dividend payout ratio is presently 127.39%.

Institutional Trading of NVE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVEC. McMillan Office Inc. acquired a new stake in shares of NVE during the 4th quarter valued at about $30,000. Cornerstone Planning Group LLC purchased a new stake in shares of NVE during the third quarter worth $36,000. SG Americas Securities LLC purchased a new stake in NVE during the 3rd quarter valued at about $143,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NVE by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 156 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of NVE during the 1st quarter worth $351,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

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.