NVE Corporation (NASDAQ:NVEC) issued its quarterly earnings results on Wednesday, October 18th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04, MarketWatch Earnings reports. The company had revenue of $7.00 million during the quarter, compared to the consensus estimate of $7.10 million. NVE Corporation had a net margin of 44.85% and a return on equity of 14.11%.
NVE Corporation (NASDAQ:NVEC) opened at 83.77 on Friday. NVE Corporation has a one year low of $55.00 and a one year high of $88.34. The firm’s 50-day moving average price is $78.75 and its 200 day moving average price is $78.44. The firm has a market cap of $405.53 million, a P/E ratio of 30.91 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, October 30th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $4.00 annualized dividend and a yield of 4.77%. NVE Corporation’s dividend payout ratio (DPR) is presently 149.81%.
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A number of analysts have recently issued reports on the stock. Craig Hallum lowered shares of NVE Corporation from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a research report on Thursday, July 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded NVE Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub downgraded NVE Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
About NVE Corporation
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).
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