Analysts Expect NVE Corp (NVEC) to Announce $0.74 EPS

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

Brokerages have set a 12-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 199 out of 265 based on the ratings given to its competitors.

Separately, BidaskClub cut shares of NVE from a “hold” rating to a “sell” rating in a report on Tuesday.

NVE (NASDAQ NVEC) opened at $73.20 on Wednesday. The stock has a market cap of $370.27, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. NVE has a twelve month low of $71.05 and a twelve month high of $94.00.

NVE (NASDAQ:NVEC) last issued 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. The business had revenue of $7.36 million during the quarter, compared to analysts’ expectations of $7.20 million. NVE had a net margin of 45.31% and a return on equity of 14.68%. analysts predict that NVE will post 2.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders 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 dividend yield of 5.46%. NVE’s payout ratio is 148.70%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its holdings in shares of NVE by 43.4% during the third quarter. Wedge Capital Management L L P NC now owns 17,500 shares of the semiconductor company’s stock valued at $1,382,000 after purchasing an additional 5,300 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in NVE during the third quarter valued at approximately $235,000. Conestoga Capital Advisors LLC grew its position in NVE by 24.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 363,609 shares of the semiconductor company’s stock valued at $31,270,000 after buying an additional 71,915 shares during the period. Bridge City Capital LLC grew its position in NVE by 8.7% during the third quarter. Bridge City Capital LLC now owns 10,852 shares of the semiconductor company’s stock valued at $857,000 after buying an additional 867 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in NVE by 10.9% during 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. 75.04% of the stock is owned by hedge funds and other 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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