NVE (NASDAQ:NVEC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NVE (NASDAQ:NVEC) from a hold rating to a buy rating in a research report released on Sunday.

Separately, Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

NVE Stock Up 0.2%

NASDAQ:NVEC opened at $106.84 on Friday. NVE has a twelve month low of $57.21 and a twelve month high of $135.00. The stock’s 50-day simple moving average is $106.41 and its 200 day simple moving average is $89.21. The firm has a market capitalization of $517.11 million, a PE ratio of 28.72 and a beta of 1.37.

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

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s dividend payout ratio (DPR) is presently 107.53%.

Insider Activity at NVE

In other news, Director Daniel A. 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 sale, the director directly owned 44,803 shares in the company, valued at approximately $5,443,564.50. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 21,500 shares of company stock worth $2,480,510 over the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NVEC. Ranger Investment Management L.P. bought a new stake in NVE during the 2nd quarter worth approximately $12,686,000. Handelsbanken Fonder AB raised its stake 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 last quarter. Bank of New York Mellon Corp bought a new position in shares of NVE during the second quarter valued at $4,879,000. California State Teachers Retirement System raised its stake in shares of NVE by 2,613.4% during the second quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock valued at $743,000 after acquiring an additional 6,847 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings 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 during the period. Institutional investors own 65.95% of the company’s stock.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: A short-interest update described a “significant increase,” but reported short interest of zero shares on both August 10 and August 25, with a zero-day short ratio. The “increase” and percentage figures appear to be data errors, so the report provides no reliable indication of short-covering or bearish positioning.
• Neutral Sentiment: The latest market data shows NVEC trading near its 50-day moving average and well above its 200-day moving average, suggesting a strong longer-term trend but also continued volatility relative to its 52-week range. Trading volume was below the stock’s average, which weakens the case for a news-driven breakout. NVE Corp market data

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.