NVE Corp. CFO Sells $132,745 in Stock (NVEC)
NVE Corp. (NASDAQ:NVEC) CFO Curt A. Reynders sold 1,910 shares of NVE Corp. stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $69.50, for a total value of $132,745.00. Following the transaction, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at approximately $139,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NVE Corp. (NASDAQ:NVEC) traded down 0.56% during mid-day trading on Monday, hitting $68.77. The stock had a trading volume of 8,660 shares. NVE Corp. has a one year low of $49.25 and a one year high of $70.03. The stock has a 50-day moving average of $61.90 and a 200-day moving average of $56.55. The company has a market cap of $333.6 million and a price-to-earnings ratio of 26.70.
NVE Corp. (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that NVE Corp. will post $3.13 earnings per share 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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