Zacks: NVE Corp (NVEC) Given $79.00 Consensus Target Price by Analysts

Shares of NVE Corp (NASDAQ:NVEC) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a twelve-month consensus target price of $79.00 for the company and are predicting that the company will post $0.74 earnings per share for the current quarter, according to Zacks. Zacks has also assigned NVE an industry rank of 204 out of 265 based on the ratings given to its competitors.

Separately, BidaskClub raised shares of NVE from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.

NVE (NVEC) traded down $1.00 during trading on Tuesday, reaching $84.71. 8,084 shares of the company’s stock were exchanged, compared to its average volume of 13,744. The firm has a market cap of $413.07, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15. NVE has a 52-week low of $71.05 and a 52-week high of $94.00.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, January 17th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $7.36 million during the quarter, compared to analyst estimates of $7.20 million. NVE had a net margin of 45.31% and a return on equity of 14.68%. sell-side analysts expect that NVE will post 2.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, January 29th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, January 26th. NVE’s payout ratio is 148.70%.

In other news, Director Terrence Glarner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $85.89, for a total value of $85,890.00. Following the completion of the sale, the director now directly owns 3,200 shares of the company’s stock, valued at approximately $274,848. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Curt A. Reynders sold 1,228 shares of the company’s stock in a transaction that occurred on 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. Insiders own 2.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its stake in shares of NVE by 10.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,087 shares of the semiconductor company’s stock worth $315,000 after acquiring an additional 403 shares during the period. Bridge City Capital LLC lifted its stake in shares of NVE by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 10,852 shares of the semiconductor company’s stock worth $857,000 after acquiring an additional 867 shares during the period. Cowen Prime Services LLC lifted its stake in shares of NVE by 18.0% in the 4th quarter. Cowen Prime Services LLC now owns 8,531 shares of the semiconductor company’s stock worth $734,000 after acquiring an additional 1,300 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of NVE by 19.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 10,164 shares of the semiconductor company’s stock worth $875,000 after acquiring an additional 1,664 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of NVE in the 3rd quarter worth approximately $235,000. 74.81% of the stock is owned by institutional investors.

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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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