NVE Corp (NVEC) Director Sells $168,040.00 in Stock

NVE Corp (NASDAQ:NVEC) Director Patricia M. Hollister sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $84.02, for a total value of $168,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NVE stock traded up $1.22 during mid-day trading on Friday, hitting $84.68. 31,836 shares of the company’s stock traded hands, compared to its average volume of 18,940. The company has a market capitalization of $401.71 million, a P/E ratio of 25.36 and a beta of 1.29. NVE Corp has a one year low of $68.50 and a one year high of $135.00.

NVE (NASDAQ:NVEC) last announced its earnings results on Monday, October 15th. The semiconductor company reported $0.88 earnings per share for the quarter. The firm had revenue of $7.51 million for the quarter. NVE had a return on equity of 18.42% and a net margin of 52.49%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, October 29th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, October 26th.

Several brokerages have weighed in on NVEC. BidaskClub downgraded NVE from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. ValuEngine downgraded NVE from a “buy” rating to a “hold” rating in a research note on Monday, October 8th.

Institutional investors have recently made changes to their positions in the business. Brown Advisory Inc. bought a new stake in NVE during the 2nd quarter valued at $4,289,000. Atria Investments LLC raised its stake in NVE by 35.6% during the 3rd quarter. Atria Investments LLC now owns 5,081 shares of the semiconductor company’s stock valued at $538,000 after acquiring an additional 1,333 shares in the last quarter. Sei Investments Co. bought a new stake in NVE during the 2nd quarter valued at $183,000. Conestoga Capital Advisors LLC raised its stake in NVE by 15.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 442,379 shares of the semiconductor company’s stock valued at $46,839,000 after acquiring an additional 60,457 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in NVE by 14.6% during the 2nd quarter. Wells Fargo & Company MN now owns 133,835 shares of the semiconductor company’s stock valued at $16,298,000 after acquiring an additional 17,063 shares in the last quarter. 77.30% of the stock is currently owned by hedge funds and other institutional investors.

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NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

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