Daniel Baker Sells 1,500 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 1,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $121.50, for a total transaction of $182,250.00. Following the completion of the sale, the director owned 44,803 shares in the company, valued at $5,443,564.50. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NVE Trading Down 1.1%

NVE stock opened at $110.10 on Friday. The stock has a market cap of $532.88 million, a PE ratio of 29.60 and a beta of 1.37. The stock has a 50-day moving average price of $106.72 and a 200 day moving average price of $88.33. NVE Corporation has a 52 week low of $57.21 and a 52 week high of $135.00.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share 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 during the quarter.

NVE Announces Dividend

The firm 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 is Monday, August 3rd. This represents a $4.00 annualized dividend and a yield of 3.6%. NVE’s dividend payout ratio (DPR) is presently 107.53%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVEC. Weiss Ratings upgraded NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered NVE from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE has a consensus rating of “Buy”.

NVE News Summary

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE recently declared a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and an approximately 3.6% yield. The dividend may support investor interest, although the reported payout ratio above 100% raises questions about long-term sustainability. NVE Corporation stock and dividend information
• Positive Sentiment: Institutional investors have been active buyers, including new second-quarter positions by Ranger Investment Management and Bank of New York Mellon. Handelsbanken Fonder and the Tennessee Department of Treasury also increased their holdings, while institutions collectively own about 65.95% of NVEC shares.
• Positive Sentiment: NVE’s latest quarterly results showed $1.32 in earnings per share and $11.03 million in revenue. The company continues to report exceptionally high profitability, including a 57.64% net margin and 30.53% return on equity.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Buy” rating. However, recent opinions are mixed: Weiss Ratings upgraded the stock to Buy, while Wall Street Zen downgraded it to Hold.
• Negative Sentiment: Director Daniel A. Baker sold 1,500 shares at an average price of $121.50 for approximately $182,250, reducing his holdings by 3.24% to 44,803 shares. The sale is relatively small compared with his remaining stake, but it may create near-term caution while NVEC trades at an elevated valuation of roughly 30 times earnings. NVE director stock sale

Hedge Funds Weigh In On NVE

Hedge funds have recently bought and sold shares of the company. Ranger Investment Management L.P. acquired a new stake in NVE in the second quarter worth $12,686,000. Bank of New York Mellon Corp bought a new stake in NVE in the second quarter valued at $4,879,000. McMillan Office Inc. acquired a new position in shares of NVE during the fourth quarter valued at $30,000. Handelsbanken Fonder AB boosted its holdings in shares of NVE by 62.8% during the fourth 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 period. Finally, State of Tennessee Department of Treasury grew its position in shares of NVE by 137.4% during the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock worth $486,000 after acquiring an additional 3,818 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.

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.