Shares of NVE Corporation (NASDAQ:NVEC) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price target of $79.00 for the company and are expecting that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also given NVE an industry rank of 87 out of 265 based on the ratings given to related companies.

Separately, BidaskClub cut NVE from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd.

In other NVE news, Director Terrence Glarner sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $85.89, for a total value of $85,890.00. Following the sale, the director now directly owns 3,200 shares in the company, valued at $274,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curt A. Reynders sold 1,228 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $88.47, for a total value of $108,641.16. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in NVE by 110.0% in the first quarter. Bank of America Corp DE now owns 1,380 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 723 shares during the period. Aperio Group LLC bought a new stake in NVE in the second quarter valued at $212,000. Zeke Capital Advisors LLC bought a new stake in NVE in the third quarter valued at $235,000. Goldman Sachs Group Inc. bought a new stake in NVE in the first quarter valued at $238,000. Finally, Metropolitan Life Insurance Co. NY grew its position in NVE by 3.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 3,503 shares of the semiconductor company’s stock valued at $290,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 73.37% of the company’s stock.

NVE (NASDAQ:NVEC) opened at $82.78 on Friday. The company has a market capitalization of $379.83, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. NVE has a 1 year low of $67.45 and a 1 year high of $91.82.

NVE (NASDAQ:NVEC) last released its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $7.00 million for the quarter, compared to analysts’ expectations of $7.10 million. NVE had a return on equity of 14.11% and a net margin of 44.85%. equities analysts predict that NVE will post 2.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, October 30th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Friday, October 27th. NVE’s dividend payout ratio is presently 149.81%.

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NVE Company Profile

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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