NVE Corp (NASDAQ:NVEC) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price target of $79.00 for the company, according to Zacks. Zacks has also given NVE an industry rank of 231 out of 265 based on the ratings given to related companies.
Separately, BidaskClub lowered NVE from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th.
Shares of NVE (NASDAQ NVEC) traded down $3.83 during trading on Friday, hitting $72.48. The stock had a trading volume of 10,200 shares, compared to its average volume of 12,710. NVE has a 12 month low of $71.05 and a 12 month high of $94.00. The company has a market capitalization of $369.49, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13.
NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, January 17th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NVE had a return on equity of 14.68% and a net margin of 45.31%. The business had revenue of $7.36 million for the quarter, compared to analyst estimates of $7.20 million.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, January 29th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $4.00 annualized dividend and a yield of 5.52%. NVE’s payout ratio is presently 148.70%.
In related news, Director Terrence Glarner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $85.89, for a total transaction of $85,890.00. Following the sale, the director now owns 3,200 shares in the company, valued at $274,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC bought a new stake in NVE in the fourth quarter valued at approximately $202,000. MetLife Investment Advisors LLC bought a new stake in NVE in the fourth quarter valued at approximately $224,000. Zeke Capital Advisors LLC bought a new stake in NVE in the third quarter valued at approximately $235,000. Parametric Portfolio Associates LLC raised its stake in NVE by 10.9% in the second quarter. Parametric Portfolio Associates LLC now owns 4,087 shares of the semiconductor company’s stock valued at $315,000 after buying an additional 403 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in NVE by 73.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,485 shares of the semiconductor company’s stock valued at $472,000 after buying an additional 2,321 shares during the period. Hedge funds and other institutional investors own 76.60% 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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