Insider Selling: NVE (NASDAQ:NVEC) Director Sells $438,000.00 in Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $109.50, for a total value of $438,000.00. Following the completion of the sale, the director directly owned 39,072 shares of the company’s stock, valued at $4,278,384. The trade was a 9.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NVE Stock Down 5.8%

NASDAQ:NVEC opened at $100.89 on Friday. The company has a market capitalization of $488.31 million, a PE ratio of 27.12 and a beta of 1.37. NVE Corporation has a 52-week low of $57.21 and a 52-week high of $135.00. The stock’s 50 day moving average price is $106.25 and its 200 day moving average price is $89.90.

NVE (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. The company 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 Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, August 3rd. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. NVE’s dividend payout ratio is 107.53%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of NVE

Hedge funds and other institutional investors have recently made changes to their positions in the company. McMillan Office Inc. purchased a new position in NVE during the fourth quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $183,000 after acquiring an additional 156 shares in the last quarter. Odyssean LLC acquired a new stake in NVE in the second quarter valued at $248,000. Jane Street Group LLC acquired a new stake in NVE in the first quarter valued at $351,000. Finally, State of Tennessee Department of Treasury boosted its position in shares of NVE by 137.4% during 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 in the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Key Headlines 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.