News stories about NVE (NASDAQ:NVEC) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NVE earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.3518536823283 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
Separately, BidaskClub cut NVE from a “hold” rating to a “sell” rating in a report on Saturday.
NVE (NASDAQ NVEC) traded down $5.42 during mid-day trading on Monday, reaching $78.08. The company had a trading volume of 41,393 shares, compared to its average volume of 20,048. NVE has a one year low of $64.75 and a one year high of $91.82. The company has a market cap of $404.22, a price-to-earnings ratio of 31.27, a PEG ratio of 1.24 and a beta of 1.15.
NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, October 18th. The semiconductor company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $7.00 million during the quarter, compared to analyst estimates of $7.10 million. NVE had a return on equity of 14.03% and a net margin of 45.18%. research analysts predict that NVE will post 2.7 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, October 30th were issued a $1.00 dividend. The ex-dividend date was Friday, October 27th. This represents a $4.00 annualized dividend and a dividend yield of 5.12%. NVE’s dividend payout ratio (DPR) is 149.81%.
In other news, Director Terrence Glarner sold 1,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $85.89, for a total transaction of $85,890.00. Following the sale, the director now directly owns 3,200 shares of the company’s stock, valued at approximately $274,848. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Curt A. Reynders sold 1,228 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $88.47, for a total transaction of $108,641.16. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
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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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