NVE (NASDAQ:NVEC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

NVE Corporation (NASDAQ:NVEC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $68.24 and traded as high as $74.05. NVE shares last traded at $71.27, with a volume of 50,966 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NVE in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NVE Stock Performance

The business has a fifty day simple moving average of $67.36 and a 200 day simple moving average of $68.24. The company has a market cap of $344.95 million, a P/E ratio of 25.01 and a beta of 1.24.

NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $0.68 earnings per share for the quarter. NVE had a net margin of 55.79% and a return on equity of 22.48%. The business had revenue of $6.35 million during the quarter.

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 3rd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, November 3rd. NVE’s dividend payout ratio (DPR) is 140.35%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Militia Capital Partners LP boosted its holdings in shares of NVE by 100.0% in the first quarter. Militia Capital Partners LP now owns 8,000 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 4,000 shares in the last quarter. Nuveen LLC bought a new position in shares of NVE in the first quarter valued at $876,000. Handelsbanken Fonder AB purchased a new position in NVE in the 2nd quarter worth about $211,000. Vanguard Group Inc. boosted its holdings in shares of NVE by 2.3% in the first quarter. Vanguard Group Inc. now owns 283,690 shares of the semiconductor company’s stock worth $18,082,000 after buying an additional 6,507 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of NVE by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 61,013 shares of the semiconductor company’s stock valued at $3,889,000 after acquiring an additional 7,585 shares in the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

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 in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.