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

NVE Corporation (NASDAQ:NVEC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $78.65 and traded as high as $98.24. NVE shares last traded at $92.13, with a volume of 162,107 shares changing hands.

Analysts Set New Price Targets

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

NVE Price Performance

The stock has a 50 day simple moving average of $97.17 and a two-hundred day simple moving average of $78.65. The company has a market cap of $445.91 million, a PE ratio of 29.34 and a beta of 1.38.

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

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, May 18th. NVE’s dividend payout ratio is presently 127.39%.

Hedge Funds Weigh In On NVE

Several institutional investors have recently added to or reduced their stakes in NVEC. McMillan Office Inc. purchased a new stake in NVE during the 4th quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $183,000 after purchasing an additional 156 shares during the period. SG Americas Securities LLC raised its stake in shares of NVE by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 1,733 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of NVE during the first quarter worth approximately $351,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of NVE by 137.4% during 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. Institutional investors and hedge funds 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.