NVE (NASDAQ:NVEC) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of NVE (NASDAQ:NVEC – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE has an average rating of “Buy”.

Read Our Latest Report on NVEC

NVE Stock Down 0.1%

NASDAQ:NVEC opened at $117.38 on Friday. NVE has a 52 week low of $57.21 and a 52 week high of $135.00. The stock has a market capitalization of $568.12 million, a PE ratio of 31.55 and a beta of 1.38. The stock’s 50-day moving average price is $99.65 and its 200-day moving average price is $81.93.

NVE (NASDAQ:NVEC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. The firm had revenue of $11.03 million during the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.

NVE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 3rd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 3.4%. NVE’s dividend payout ratio (DPR) is currently 107.53%.

Institutional Investors Weigh In On NVE

Several large investors have recently bought and sold shares of the company. Handelsbanken Fonder AB raised its holdings in NVE by 62.8% in the 4th quarter. Handelsbanken Fonder AB now owns 102,592 shares of the semiconductor company’s stock valued at $6,087,000 after acquiring an additional 39,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $183,000 after purchasing an additional 156 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of NVE during the 1st quarter worth approximately $351,000. State of Tennessee Department of Treasury grew its position in shares of NVE by 137.4% in 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 purchasing an additional 3,818 shares in the last quarter. Finally, McMillan Office Inc. purchased a new stake in shares of NVE in the fourth quarter valued at approximately $30,000. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting NVE

Here are the key news stories impacting NVE this week:

  • Positive Sentiment: NVE’s latest quarterly results remain solid, with earnings of $1.32 per share, revenue of $11.03 million, a 57.64% net margin and 30.53% return on equity. These figures provide fundamental support for the stock’s premium valuation.
  • Neutral Sentiment: The stock remains well above its 50-day and 200-day moving averages, indicating strong recent momentum, although the valuation debate could increase volatility after its substantial run-up. NVE (NVEC) Earnings Put Valuation Back In Focus As DCF Tells A Different Story
  • Negative Sentiment: The DCF analysis reportedly points to a valuation that may not fully align with the stock’s current market price, raising concerns that future growth and cash generation must remain strong to justify the premium.

NVE Company Profile

(Get Free Report)

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.

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