NVE (NASDAQ:NVEC) Stock Price Passes Above 200 Day Moving Average – What’s Next?

NVE Corporation (NASDAQ:NVEC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $77.21 and traded as high as $96.66. NVE shares last traded at $96.18, with a volume of 390,853 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of NVE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

NVE Trading Up 2.0%

The company has a market cap of $465.22 million, a price-to-earnings ratio of 30.63 and a beta of 1.40. The business has a 50-day moving average price of $94.64 and a 200 day moving average price of $77.21.

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

NVE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a $1.00 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.2%. NVE’s dividend payout ratio (DPR) is 127.39%.

Hedge Funds Weigh In On NVE

A number of institutional investors have recently bought and sold shares of the stock. McMillan Office Inc. acquired a new stake in NVE during the 4th quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NVE by 5.7% in the first 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 period. SG Americas Securities LLC boosted its holdings 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 worth $233,000 after buying an additional 1,733 shares during the period. Jane Street Group LLC purchased a new position in shares of NVE in the first quarter worth approximately $351,000. Finally, State of Tennessee Department of Treasury increased its position in shares of 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 acquiring an additional 3,818 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

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.