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

Shares of NVE Corporation (NASDAQ:NVEC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $66.76 and traded as high as $70.72. NVE shares last traded at $68.17, with a volume of 51,244 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NVE in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, NVE has an average rating of “Hold”.

NVE Price Performance

The firm has a market cap of $329.94 million, a P/E ratio of 23.35 and a beta of 1.26. The stock has a 50 day moving average of $67.11 and a 200 day moving average of $66.76.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, January 21st. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. NVE had a return on equity of 23.47% and a net margin of 54.59%.The firm had revenue of $6.22 million during the quarter.

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, February 2nd. NVE’s dividend payout ratio (DPR) is currently 136.99%.

Insiders Place Their Bets

In other NVE news, CEO Daniel A. Baker sold 1,155 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $74.04, for a total value of $85,516.20. Following the completion of the sale, the chief executive officer owned 60,031 shares of the company’s stock, valued at $4,444,695.24. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. McMillan Office Inc. bought a new stake in shares of NVE in the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC bought a new position in shares of NVE during the 3rd quarter valued at $36,000. SG Americas Securities LLC bought a new position in shares of NVE during the 3rd quarter valued at $143,000. Handelsbanken Fonder AB purchased a new position in NVE in the 2nd quarter worth $211,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NVE by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 156 shares during the period. 65.95% of the stock is owned by hedge funds and other institutional investors.

NVE Company Profile

NVE Corporation (NASDAQ:NVEC) is a technology company specializing in the development, manufacturing, and marketing of spintronic products. The company’s core expertise lies in magnetoresistive sensing and magnetic-field-based digital isolation, leveraging patented spin-valve and tunneling magnetoresistance technologies to deliver high-performance, low-power solutions.

NVE’s product portfolio includes magnetic sensors for current, position, and angle sensing applications, as well as micro-isolators and digital isolators that provide galvanic isolation in industrial, automotive, medical, instrumentation, and consumer electronics systems.