NVE (NASDAQ:NVEC) CEO Sells $85,516.20 in Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 1,155 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $74.04, for a total transaction of $85,516.20. Following the completion of the sale, the chief executive officer owned 60,031 shares of the company’s stock, valued at approximately $4,444,695.24. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NVE Stock Performance

NASDAQ NVEC opened at $67.49 on Friday. The firm’s fifty day moving average is $66.46 and its two-hundred day moving average is $66.66. NVE Corporation has a one year low of $51.50 and a one year high of $82.30. The firm has a market cap of $326.65 million, a PE ratio of 23.11 and a beta of 1.24.

NVE (NASDAQ:NVEC) last released its quarterly earnings results on Wednesday, January 21st. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $6.22 million for the quarter. NVE had a return on equity of 23.47% and a net margin of 54.59%.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.9%. NVE’s payout ratio is presently 136.99%.

Analysts Set New Price Targets

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

Institutional Trading of NVE

Hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC acquired a new position in NVE during the third quarter worth $36,000. SG Americas Securities LLC purchased a new stake in shares of NVE during the 3rd quarter worth $143,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 purchasing an additional 156 shares during the period. Handelsbanken Fonder AB purchased a new position in shares of NVE in the 2nd quarter valued at about $211,000. Finally, Jane Street Group LLC acquired a new stake in shares of NVE in the first quarter valued at about $351,000. 65.95% of the stock is owned by institutional investors and hedge funds.

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.