NVE (NVEC) Set to Announce Quarterly Earnings on Wednesday

NVE (NASDAQ:NVEC – Get Rating) is set to announce its earnings results after the market closes on Wednesday, May 4th.

Shares of NVEC traded up $0.27 during trading hours on Thursday, reaching $47.60. 200 shares of the company traded hands, compared to its average volume of 25,430. The stock has a market capitalization of $230.10 million, a P/E ratio of 16.64 and a beta of 1.12. NVE has a 12-month low of $47.29 and a 12-month high of $81.42. The business has a fifty day moving average price of $53.79 and a 200-day moving average price of $61.95.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in NVE by 0.3% in the fourth quarter. BlackRock Inc. now owns 323,318 shares of the semiconductor company’s stock valued at $22,083,000 after purchasing an additional 1,120 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in NVE by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 85,052 shares of the semiconductor company’s stock valued at $5,440,000 after purchasing an additional 2,547 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in NVE by 1.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 16,046 shares of the semiconductor company’s stock valued at $1,096,000 after purchasing an additional 206 shares during the last quarter. Millennium Management LLC boosted its holdings in NVE by 15.9% in the fourth quarter. Millennium Management LLC now owns 15,710 shares of the semiconductor company’s stock valued at $1,073,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in NVE in the fourth quarter valued at $744,000. 67.68% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on NVEC shares. StockNews.com started coverage on shares of NVE in a report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet lowered shares of NVE from a “b” rating to a “c+” rating in a report on Monday, February 7th.

About NVE (Get Rating)

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.

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