Insider Selling: NVE (NASDAQ:NVEC) CEO Sells $1,736,525.76 in Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 15,222 shares of NVE stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $114.08, for a total transaction of $1,736,525.76. Following the completion of the sale, the chief executive officer owned 46,303 shares of the company’s stock, valued at $5,282,246.24. This trade represents a 24.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NVE Trading Up 1.3%

NVEC opened at $116.27 on Friday. NVE Corporation has a 12-month low of $57.21 and a 12-month high of $135.00. The firm has a 50 day moving average of $101.94 and a two-hundred day moving average of $83.23. The firm has a market capitalization of $562.75 million, a PE ratio of 31.26 and a beta of 1.38.

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

NVE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s payout ratio is 107.53%.

Analyst Ratings Changes

NVEC has been the topic of several analyst reports. Wall Street Zen raised 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, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s latest quarter showed strong profitability, with earnings of $1.32 per share on $11.03 million in revenue. The company reported a 57.6% net margin and 30.5% return on equity, reinforcing the investment case for its specialized spintronic semiconductor products.
• Positive Sentiment: NVE reaffirmed a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized payout and roughly a 3.6% yield based on the reported share price. The dividend supports investor interest in the company’s cash returns, although the payout ratio is above 100%.
• Positive Sentiment: Wall Street sentiment has improved, with Wall Street Zen and Weiss Ratings each upgrading NVE from “hold” to “buy.” NVE also has a “Buy” consensus rating from the limited analyst coverage tracked by MarketBeat. NVE stock and analyst coverage
• Neutral Sentiment: NVE trades near the upper end of its 52-week range and at approximately 30–31 times earnings. Its share price is also well above its 50-day and 200-day moving averages, indicating strong momentum but leaving the stock more exposed to profit-taking if growth or earnings momentum slows.
• Negative Sentiment: CEO Daniel Baker sold 20,103 shares across transactions from July 27 through July 29 for approximately $2.3 million. The largest sale involved 15,222 shares and reduced his position by about 24.7%; he subsequently sold another 1,518 shares. NVE CEO SEC insider-sale filing
• Negative Sentiment: Insider trading has been one-sided, with four reported open-market sales and no purchases by NVE insiders during the past six months. The selling may weigh on sentiment, particularly after the stock’s recent earnings-driven advance. NVE insider sale report

Institutional Trading of NVE

Several institutional investors have recently bought and sold shares of NVEC. McMillan Office Inc. purchased a new stake in NVE in the 4th quarter worth $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NVE by 5.7% during 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 in the last quarter. SG Americas Securities LLC lifted its holdings in NVE by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 1,733 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of NVE in the first quarter valued at about $351,000. Finally, State of Tennessee Department of Treasury increased its stake 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 purchasing an additional 3,818 shares in the last quarter. 65.95% of the stock is 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.