Daniel Baker Sells 1,731 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 1,731 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $107.00, for a total transaction of $185,217.00. Following the sale, the director directly owned 43,072 shares of the company’s stock, valued at $4,608,704. The trade was a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NVE Stock Down 5.8%

Shares of NASDAQ:NVEC opened at $100.89 on Friday. The stock has a market capitalization of $488.31 million, a PE ratio of 27.12 and a beta of 1.37. The firm’s 50 day moving average price is $106.25 and its 200-day moving average price is $89.90. NVE Corporation has a twelve month low of $57.21 and a twelve month high of $135.00.

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

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.0%. NVE’s payout ratio is presently 107.53%.

Hedge Funds Weigh In On NVE

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 156 shares in the last quarter. Jane Street Group LLC bought a new position in shares of NVE during the 1st quarter valued at approximately $351,000. State of Tennessee Department of Treasury grew its holdings in shares of NVE by 137.4% in the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 3,818 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of NVE by 62.8% in the fourth quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after purchasing an additional 39,565 shares in the last quarter. Finally, McMillan Office Inc. bought a new stake in NVE in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Analyst Ratings Changes

NVEC has been the topic of a number of recent research reports. Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen raised NVE from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE currently has an average rating of “Buy”.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE maintains a strong financial profile, with the latest reported quarter showing $1.32 in earnings per share, $11.03 million in revenue, a 57.64% net margin and a 30.53% return on equity.
• Positive Sentiment: The company recently declared a quarterly dividend of $1.00, equivalent to $4.00 annually and a yield of approximately 3.7%, which may support income-focused investor interest. NVE Corporation stock and dividend report
• Positive Sentiment: Institutional ownership remains substantial at roughly 66%, and several funds recently initiated or increased positions, including Ranger Investment Management, Bank of New York Mellon and Handelsbanken Fonder. Analysts and ratings services have also recently moved NVEC toward Buy recommendations.
• Neutral Sentiment: NVEC remains well above its 200-day moving average, indicating a favorable longer-term trend, but the stock is trading near its 50-day average after a significant advance from its 52-week low.
• Negative Sentiment: Director Daniel Baker sold 4,000 shares at an average price of $109.50 on August 27, worth approximately $438,000, reducing his direct ownership by 9.29%. NVE director stock sale report
• Negative Sentiment: Baker also sold 1,731 shares at $107.00 on August 25, valued at $185,217. The back-to-back sales may be interpreted as near-term profit-taking and are the clearest recent pressure on NVEC sentiment. NVE director August 25 stock sale report
• Negative Sentiment: The dividend’s reported payout ratio is above 100%, raising questions about its sustainability if earnings or cash flow weaken.

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.