Insider Selling: James D. Hartman Sells 2,000 Shares of NVE Corp. Stock (NVEC)
NVE Corp. (NASDAQ:NVEC) Director James D. Hartman sold 2,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $69.32, for a total value of $138,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NVE Corp. (NASDAQ:NVEC) traded up 0.92% on Monday, hitting $69.02. The stock had a trading volume of 14,001 shares. NVE Corp. has a 1-year low of $49.06 and a 1-year high of $68.48. The stock’s 50-day moving average is $57.81 and its 200-day moving average is $55.82. The company has a market cap of $334.8 million and a price-to-earnings ratio of 26.41.
NVE Corp. (NASDAQ:NVEC) last announced its earnings results on Wednesday, July 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.25. The company had revenue of $8.45 million for the quarter, compared to the consensus estimate of $6.85 million. Analysts expect that NVE Corp. will post $3.13 EPS for the current fiscal year.
NVE Corporation (NASDAQ:NVEC) develops and sells devices that use spintronics, a nanotechnology that relies on electron spin.
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