NVE (NASDAQ:NVEC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

NVE Corporation (NASDAQ:NVEC)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $85.84 and traded as high as $127.84. NVE shares last traded at $118.36, with a volume of 152,966 shares trading hands.

NVE News Summary

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE announced a leadership transition and board expansion at its August 6 annual shareholder meeting. The changes could improve governance and support the company’s long-term strategy, although the details of the transition were not fully provided. NVE Announces Leadership Transition and Board Expansion
• Neutral Sentiment: Reported short interest was listed at zero shares as of August 11, unchanged from the prior report. This suggests little measurable short-selling pressure, but the figures appear anomalous and do not indicate a meaningful short-squeeze catalyst.

Wall Street Analyst Weigh In

NVEC has been the subject of several recent analyst reports. Wall Street Zen raised shares of NVE from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

NVE Stock Performance

The company’s 50-day moving average is $105.42 and its 200-day moving average is $86.18. The firm has a market cap of $591.18 million, a price-to-earnings ratio of 32.85 and a beta of 1.37.

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

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.3%. NVE’s dividend payout ratio (DPR) is currently 107.53%.

Insider Buying and Selling at NVE

In related news, CEO Daniel A. Baker sold 15,222 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $114.08, for a total value of $1,736,525.76. Following the completion of the transaction, the chief executive officer owned 46,303 shares in the company, valued at $5,282,246.24. The trade was a 24.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 20,000 shares of company stock valued at $2,298,260 over the last three months. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. McMillan Office Inc. bought a new stake in shares of NVE during the fourth quarter worth $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 156 shares during the last quarter. SG Americas Securities LLC increased its position in NVE by 78.9% in the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 1,733 shares during the period. Jane Street Group LLC acquired a new stake in NVE in the first quarter worth about $351,000. Finally, State of Tennessee Department of Treasury raised its holdings in NVE by 137.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 3,818 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors.

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.