NVE (NASDAQ:NVEC) Sets New 52-Week High After Dividend Announcement

NVE Corporation (NASDAQ:NVEC)’s stock price hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $128.11 and last traded at $126.7430, with a volume of 79387 shares. The stock had previously closed at $86.68.

The newly announced dividend which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.0%. NVE’s payout ratio is 127.39%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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, Based on data from MarketBeat.com, NVE currently has an average rating of “Hold”.

NVE Trading Up 54.8%

The business’s 50 day moving average is $98.43 and its two-hundred day moving average is $81.17. The company has a market cap of $649.58 million, a PE ratio of 36.08 and a beta of 1.38.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter. NVE had a return on equity of 30.67% and a net margin of 57.64%.The business had revenue of $11.03 million during the quarter.

Key Headlines Impacting NVE

Here are the key news stories impacting NVE this week:

• Positive Sentiment: NVE reported quarterly EPS of $1.32 on revenue of $11.03 million, with revenue up 81% year over year, highlighting a sharp acceleration in sales and profitability. NVE earnings report
• Positive Sentiment: The company also declared a quarterly dividend of $1.00 per share, reinforcing its shareholder-return profile and helping support investor confidence. NVE quarterly results and dividend
• Neutral Sentiment: Multiple write-ups and conference-call transcripts published around the earnings release likely helped keep attention on the stock, but they appear to be coverage of the same catalyst rather than separate new developments. Seeking Alpha article

Institutional Trading of NVE

Several institutional investors have recently made changes to their positions in NVEC. McMillan Office Inc. bought a new stake in NVE during the 4th quarter valued at approximately $30,000. 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. SG Americas Securities LLC grew its holdings in NVE by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 1,733 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of NVE during the first quarter valued at approximately $351,000. Finally, State of Tennessee Department of Treasury raised its position in shares of 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 valued at $486,000 after buying an additional 3,818 shares during the last quarter. Hedge funds and other 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.