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

NVE Corporation (NASDAQ:NVEC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.47 and traded as high as $101.68. NVE shares last traded at $100.95, with a volume of 142,102 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NVE in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

NVE Trading Up 3.1%

The stock has a market capitalization of $488.60 million, a P/E ratio of 32.15 and a beta of 1.39. The company has a 50-day moving average price of $81.09 and a 200 day moving average price of $71.47.

NVE (NASDAQ:NVEC) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 EPS for the quarter. The firm had revenue of $7.65 million during the quarter. NVE had a return on equity of 25.62% and a net margin of 57.72%.

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, May 18th. NVE’s payout ratio is presently 127.39%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NVE by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock worth $183,000 after buying an additional 156 shares during the last quarter. McMillan Office Inc. purchased a new position in NVE during the 4th quarter worth $30,000. Cornerstone Planning Group LLC purchased a new position in NVE during the 3rd quarter worth $36,000. SG Americas Securities LLC grew its stake in NVE by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock worth $233,000 after buying an additional 1,733 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in NVE by 137.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock worth $486,000 after buying an additional 3,818 shares during the last quarter. 65.95% of the stock is owned by 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.