Insider Selling: NVE (NASDAQ:NVEC) CEO Sells $178,456.08 in Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 1,518 shares of NVE stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $117.56, for a total value of $178,456.08. Following the completion of the transaction, the chief executive officer owned 64,785 shares of the company’s stock, valued at $7,616,124.60. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NVE Stock Up 1.3%

Shares of NVE stock opened at $116.27 on Friday. The business has a 50-day moving average price of $101.94 and a 200 day moving average price of $83.23. NVE Corporation has a fifty-two week low of $57.21 and a fifty-two week high of $135.00. The firm has a market cap of $562.75 million, a P/E ratio of 31.26 and a beta of 1.38.

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

NVE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be given a dividend of $1.00 per share. 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 dividend payout ratio is currently 107.53%.

Wall Street Analysts Forecast Growth

NVEC has been the subject of a number of research reports. Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of NVE from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE presently has a consensus rating of “Buy”.

More NVE News

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

Hedge Funds Weigh In On NVE

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NVE by 5.7% in 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 acquiring an additional 156 shares during the period. Jane Street Group LLC acquired a new stake in shares of NVE during the 1st quarter worth approximately $351,000. State of Tennessee Department of Treasury lifted its holdings in shares of NVE by 137.4% in the 2nd 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 last quarter. SG Americas Securities LLC boosted its position in NVE by 78.9% during the 4th 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 during the period. Finally, Handelsbanken Fonder AB boosted its position in NVE by 62.8% during the 4th 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 during the period. Institutional investors own 65.95% of the company’s stock.

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.