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

NVE Corporation (NASDAQ:NVEC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $79.71 and traded as high as $91.75. NVE shares last traded at $88.52, with a volume of 384,569 shares.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: No fresh catalyst or press release was provided for NVE Corporation, so today’s weakness may be driven by market-wide or sector-related trading rather than new fundamental news.
• Neutral Sentiment: The company’s last reported quarter showed solid profitability, with EPS of $1.02, revenue of $7.65 million, a 25.62% return on equity, and a 57.72% net margin.
• Neutral Sentiment: NVE Corporation has a relatively small market cap and can see outsized swings on modest trading volume changes, which may be contributing to the decline.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded NVE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, NVE has a consensus rating of “Hold”.

NVE Trading Down 2.1%

The company has a market cap of $428.17 million, a P/E ratio of 28.19 and a beta of 1.38. The business has a 50 day moving average price of $98.17 and a 200-day moving average price of $79.71.

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

NVE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a $1.00 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.00 dividend on an annualized basis and a yield of 4.5%. NVE’s dividend payout ratio (DPR) is currently 127.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NVEC. McMillan Office Inc. acquired a new position in shares of NVE during the 4th quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 purchasing an additional 156 shares during the last quarter. SG Americas Securities LLC grew its holdings in 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 period. Jane Street Group LLC bought a new position in NVE during the first quarter worth about $351,000. Finally, State of Tennessee Department of Treasury grew its holdings in 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 own 65.95% of the company’s stock.

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.