NVE (NASDAQ:NVEC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

NVE Corporation (NASDAQ:NVEC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $66.34 and traded as high as $67.18. NVE shares last traded at $66.85, with a volume of 29,390 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NVE in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

NVE Stock Performance

The stock has a 50-day moving average price of $66.22 and a two-hundred day moving average price of $66.34. The stock has a market capitalization of $323.55 million, a PE ratio of 22.89 and a beta of 1.27.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, January 21st. The semiconductor company reported $0.70 EPS for the quarter. NVE had a net margin of 54.59% and a return on equity of 23.47%. The company had revenue of $6.22 million for the quarter.

NVE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, February 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 6.0%. NVE’s payout ratio is 136.99%.

Insiders Place Their Bets

In other NVE news, CEO Daniel A. Baker sold 1,155 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $74.04, for a total value of $85,516.20. Following the completion of the sale, the chief executive officer owned 60,031 shares in the company, valued at approximately $4,444,695.24. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On NVE

Large investors have recently made changes to their positions in the business. McMillan Office Inc. purchased a new stake in shares of NVE during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC bought a new position in NVE in the 3rd quarter worth approximately $36,000. SG Americas Securities LLC purchased a new stake in NVE during the 3rd quarter valued at approximately $143,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NVE by 5.7% during 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 buying an additional 156 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of NVE during the second quarter valued at approximately $211,000. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

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.