NVE (NASDAQ:NVEC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

NVE Corporation (NASDAQ:NVEC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.88 and traded as high as $69.56. NVE shares last traded at $65.61, with a volume of 29,011 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 MarketBeat, NVE presently has an average rating of “Hold”.

NVE Stock Down 5.0%

The company has a 50-day simple moving average of $67.87 and a two-hundred day simple moving average of $66.88. The stock has a market cap of $317.55 million, a P/E ratio of 22.47 and a beta of 1.26.

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

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, February 2nd. NVE’s payout ratio is presently 136.99%.

Insider Transactions at NVE

In other news, CEO Daniel A. Baker sold 1,155 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $74.04, for a total transaction of $85,516.20. Following the sale, the chief executive officer owned 60,031 shares in the company, valued at approximately $4,444,695.24. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of NVE

A number of hedge funds have recently made changes to their positions in the stock. McMillan Office Inc. bought a new position in NVE in the 4th quarter worth about $30,000. Cornerstone Planning Group LLC bought a new stake in shares of NVE during the third quarter valued at approximately $36,000. SG Americas Securities LLC bought a new stake in shares of NVE during the third quarter valued at approximately $143,000. Handelsbanken Fonder AB purchased a new position in NVE in the 2nd quarter worth approximately $211,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $183,000 after acquiring an additional 156 shares in the last quarter. 65.95% of the stock is owned by institutional investors.

About NVE

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.