Wall Street Zen Upgrades NVE (NASDAQ:NVEC) to Buy

NVE (NASDAQ:NVEC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

NVE Price Performance

NVE stock opened at $117.55 on Friday. NVE has a one year low of $57.21 and a one year high of $135.00. The company’s fifty day moving average price is $98.98 and its two-hundred day moving average price is $81.43. The company has a market capitalization of $568.94 million, a price-to-earnings ratio of 31.60 and a beta of 1.38.

NVE (NASDAQ:NVEC) last announced its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. The company had revenue of $11.03 million during the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.

Institutional Investors Weigh In On NVE

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 156 shares in the last quarter. McMillan Office Inc. acquired a new position in shares of NVE in the fourth quarter valued at $30,000. SG Americas Securities LLC raised its stake in shares of NVE by 78.9% in the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 1,733 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in NVE by 137.4% in the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 3,818 shares during the period. Finally, Jane Street Group LLC bought a new position in NVE in the first quarter worth $351,000. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE News Roundup

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE reported strong Q1 results with higher earnings, solid sales growth, and support from new products and emerging opportunities in robotics and AIoT. NVE Corp Q1 Earnings Surge Y/Y on Strong Sales & New Products
• Positive Sentiment: The company also declared a quarterly dividend of $1.00 per share, signaling continued cash returns to shareholders and supporting the investment case for income-oriented investors.
• Neutral Sentiment: Several follow-up articles and transcript posts focused on the earnings call and the stock’s sharp recent move, but they did not add materially new fundamentals beyond the earnings release.

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.