Daniel Baker Sells 4,000 Shares of NVE (NASDAQ:NVEC) Stock

NVE Corporation (NASDAQ:NVEC) Director Daniel Baker sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $109.50, for a total value of $438,000.00. Following the transaction, the director owned 39,072 shares in the company, valued at $4,278,384. This trade represents a 9.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NVE Stock Down 5.8%

NVEC opened at $100.89 on Friday. The stock has a market cap of $488.31 million, a PE ratio of 27.12 and a beta of 1.37. The business has a 50 day moving average of $106.25 and a 200-day moving average of $89.90. NVE Corporation has a 52 week low of $57.21 and a 52 week high of $135.00.

NVE (NASDAQ:NVEC) last released its quarterly 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 Dividend Announcement

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 issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, August 3rd. NVE’s payout ratio is 107.53%.

Analysts Set New Price Targets

Several research analysts recently issued reports on NVEC shares. 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 upgraded shares of NVE from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Key Stories 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.

Institutional Investors Weigh In On NVE

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in shares of NVE by 2,613.4% in the second quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock worth $743,000 after acquiring an additional 6,847 shares during the last quarter. Odyssean LLC purchased a new position in shares of NVE in the 2nd quarter worth about $248,000. Ranger Investment Management L.P. bought a new position in NVE in the 2nd quarter worth about $12,686,000. Bank of New York Mellon Corp purchased a new stake in NVE during the 2nd quarter valued at about $4,879,000. Finally, McMillan Office Inc. purchased a new stake in NVE during the 4th quarter valued at about $30,000. 65.95% of the stock is owned by institutional investors.

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.