NVE (NASDAQ:NVEC) CEO Daniel Baker Sells 15,222 Shares of Stock

NVE Corporation (NASDAQ:NVEC) CEO Daniel Baker sold 15,222 shares of NVE stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $114.08, for a total value of $1,736,525.76. Following the transaction, the chief executive officer owned 46,303 shares of the company’s stock, valued at $5,282,246.24. This trade represents a 24.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NVE Stock Performance

Shares of NVEC opened at $112.26 on Thursday. The firm has a market capitalization of $543.34 million, a P/E ratio of 30.18 and a beta of 1.38. NVE Corporation has a 52 week low of $57.21 and a 52 week high of $135.00. The stock has a 50 day moving average price of $100.90 and a two-hundred day moving average price of $82.64.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share 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 business 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. NVE’s dividend payout ratio is presently 107.53%.

Institutional Trading of NVE

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NVE by 5.7% during 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 during the period. McMillan Office Inc. purchased a new stake in shares of NVE during the 4th quarter valued at $30,000. SG Americas Securities LLC raised its stake in shares of NVE by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 1,733 shares during the period. State of Tennessee Department of Treasury boosted 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 buying an additional 3,818 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in NVE during the first quarter valued at about $351,000. 65.95% of the stock is owned by hedge funds and other institutional investors.

Key NVE News

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE’s recent earnings beat and reaffirmation of its dividend helped drive a significant rally, suggesting strong investor confidence in the company’s profitability and shareholder returns. NVE earnings beat and dividend article
• Neutral Sentiment: The company remains highly profitable, with a 57.6% net margin and 30.5% return on equity. However, its valuation is elevated at roughly 30 times earnings after the recent run-up, potentially increasing profit-taking risk.
• Negative Sentiment: CEO Daniel A. Baker sold 20,000 shares over three consecutive trading sessions from July 27 through July 29 for approximately $2.3 million. The largest transaction involved 15,222 shares and reduced his remaining position by about 24.7%. NVE CEO SEC insider-sale filing
• Negative Sentiment: Recent insider activity is one-sided: NVE insiders have reported four open-market sales and no purchases during the past six months. The CEO’s repeated selling may be interpreted as a cautionary signal, particularly after the stock’s steep earnings-related advance. NVE insider sale analysis

Analyst Upgrades and Downgrades

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

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.