NVE (NASDAQ:NVEC) Posts Quarterly Earnings Results

NVE (NASDAQ:NVEC) issued its earnings results on Wednesday. The semiconductor company reported $0.70 EPS for the quarter, Zacks reports. NVE had a net margin of 55.79% and a return on equity of 22.48%.

NVE Stock Up 0.3%

Shares of NVEC traded up $0.20 during midday trading on Wednesday, hitting $68.45. The company’s stock had a trading volume of 46,388 shares, compared to its average volume of 44,300. The company’s fifty day simple moving average is $64.51 and its two-hundred day simple moving average is $66.79. The stock has a market capitalization of $331.30 million, a price-to-earnings ratio of 24.02 and a beta of 1.24. NVE has a one year low of $51.50 and a one year high of $84.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NVE in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in NVE during the first quarter worth approximately $351,000. State of Tennessee Department of Treasury boosted its holdings in shares of 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 buying an additional 3,818 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NVE by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after buying an additional 156 shares during the period. Institutional investors own 65.95% of the company’s stock.

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.