NVE (NASDAQ:NVEC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

NVE Corporation (NASDAQ:NVEC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $69.46 and traded as high as $95.46. NVE shares last traded at $92.66, with a volume of 177,568 shares changing hands.

Key NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE Corporation’s shares moved above the 200-day moving average, a technical development that can attract momentum buyers and signal strengthening sentiment. NVE (NASDAQ:NVEC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NVE in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

NVE Stock Down 3.2%

The firm has a 50 day moving average of $75.80 and a 200 day moving average of $69.60. The firm has a market cap of $434.34 million, a PE ratio of 28.58 and a beta of 1.36.

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

NVE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. This represents a $4.00 annualized dividend and a dividend yield of 4.5%. NVE’s dividend payout ratio is currently 127.39%.

Institutional Investors Weigh In On NVE

Several institutional investors have recently made changes to their positions in NVEC. Handelsbanken Fonder AB lifted its position in shares of NVE by 2,103.7% during the third quarter. Handelsbanken Fonder AB now owns 63,027 shares of the semiconductor company’s stock worth $4,114,000 after acquiring an additional 60,167 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of NVE by 16.4% during the third quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company’s stock worth $3,329,000 after acquiring an additional 7,186 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of NVE during the first quarter worth $351,000. State of Tennessee Department of Treasury increased 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 worth $486,000 after purchasing an additional 3,818 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of NVE in the third quarter worth $143,000. Hedge funds and other 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.