NVE (NASDAQ:NVEC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

NVE Corporation (NASDAQ:NVEC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.13 and traded as high as $93.76. NVE shares last traded at $91.25, with a volume of 159,741 shares traded.

Key NVE News

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: No new NVEC-specific earnings, guidance, or corporate announcement was identified in the provided news flow, so there is no clear fundamental catalyst driving the stock today.
• Positive Sentiment: NVEC continues to trade near elevated levels relative to its longer-term averages, suggesting technical strength and ongoing investor interest in the name.
• Positive Sentiment: The company’s recently reported quarter showed $1.02 EPS on $7.65 million in revenue, with strong margins and return on equity, which helps support the stock’s valuation.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NVE in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

NVE Price Performance

The company has a 50-day simple moving average of $77.58 and a 200-day simple moving average of $70.13. The stock has a market cap of $441.38 million, a PE ratio of 29.06 and a beta of 1.36.

NVE (NASDAQ:NVEC) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 EPS for the quarter. The company had revenue of $7.65 million for the quarter. NVE had a net margin of 57.72% and a return on equity of 25.62%.

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, May 18th. NVE’s dividend payout ratio (DPR) is presently 127.39%.

Institutional Investors Weigh In On NVE

A number of institutional investors and hedge funds have recently modified their holdings of NVEC. McMillan Office Inc. acquired a new position in NVE during the fourth quarter worth $30,000. Handelsbanken Fonder AB grew its holdings in 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 during the last quarter. SG Americas Securities LLC grew its holdings in NVE by 78.9% in 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 during the last quarter. Isthmus Partners LLC increased its position in shares of NVE by 16.4% in the third quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company’s stock valued at $3,329,000 after buying an additional 7,186 shares in the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in shares of NVE in the third quarter valued at $36,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

About NVE

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.