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

NVE Corporation (NASDAQ:NVEC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $66.88 and traded as high as $69.56. NVE shares last traded at $65.61, with a volume of 29,011 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NVE in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, NVE presently has an average rating of “Hold”.

NVE Stock Down 5.0%

The company has a 50-day moving average price of $67.87 and a two-hundred day moving average price of $66.88. The stock has a market capitalization of $317.55 million, a P/E ratio of 22.47 and a beta of 1.26.

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

NVE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, February 2nd. NVE’s dividend payout ratio (DPR) is 136.99%.

Insider Transactions at NVE

In other news, CEO Daniel A. Baker sold 1,155 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $74.04, for a total transaction of $85,516.20. Following the completion of the transaction, the chief executive officer owned 60,031 shares of the company’s stock, valued at approximately $4,444,695.24. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On NVE

A number of institutional investors have recently made changes to their positions in NVEC. Handelsbanken Fonder AB boosted its holdings in shares of NVE by 62.8% in the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock worth $6,087,000 after purchasing an additional 39,565 shares in the last quarter. Rhumbline Advisers raised its stake in shares of NVE by 3.7% during the second quarter. Rhumbline Advisers now owns 81,310 shares of the semiconductor company’s stock worth $5,985,000 after acquiring an additional 2,891 shares in the last quarter. Isthmus Partners LLC lifted its holdings in shares of NVE by 16.4% in the 3rd quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company’s stock worth $3,329,000 after acquiring an additional 7,186 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of NVE by 137.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock worth $486,000 after acquiring an additional 3,818 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of NVE in the 1st quarter valued at $351,000. Institutional investors 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.