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

NVE Corporation (NASDAQ:NVEC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $66.76 and traded as high as $70.72. NVE shares last traded at $68.17, with a volume of 51,244 shares changing hands.

Wall Street Analysts Forecast Growth

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

NVE Stock Up 0.7%

The firm has a 50-day simple moving average of $67.11 and a 200-day simple moving average of $66.76. The stock has a market cap of $329.94 million, a PE ratio of 23.35 and a beta of 1.26.

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

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders 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 5.9%. The ex-dividend date was Monday, February 2nd. NVE’s dividend payout ratio (DPR) 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 that occurred on Tuesday, January 27th. The shares were sold at an average price of $74.04, for a total value of $85,516.20. Following the sale, the chief executive officer directly owned 60,031 shares in the company, valued at $4,444,695.24. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. McMillan Office Inc. bought a new stake in NVE during the fourth quarter valued at $30,000. Cornerstone Planning Group LLC bought a new position in NVE in the 3rd quarter worth about $36,000. SG Americas Securities LLC purchased a new stake in shares of NVE in the 3rd quarter valued at about $143,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 acquiring an additional 156 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of NVE during the 2nd quarter valued at about $211,000. Institutional investors own 65.95% of the company’s stock.

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.