Daniel Baker Sells 21,140 Shares of NVE (NASDAQ:NVEC) Stock

by · The Markets Daily

NVE Corporation (NASDAQ:NVEC – Get Free Report) Director Daniel Baker sold 21,140 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $101.49, for a total value of $2,145,498.60. Following the completion of the transaction, the director owned 17,932 shares of the company’s stock, valued at $1,819,918.68. This trade represents a 54.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NVE Price Performance

Shares of NVE stock opened at $97.62 on Friday. The firm has a market cap of $472.48 million, a PE ratio of 26.24 and a beta of 1.36. NVE Corporation has a 1 year low of $57.21 and a 1 year high of $135.00. The stock has a fifty day moving average price of $106.22 and a 200-day moving average price of $92.17.

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

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 3rd were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 3rd. NVE’s dividend payout ratio is currently 107.53%.

Hedge Funds Weigh In On NVE

Several large investors have recently modified their holdings of NVEC. WINTON GROUP Ltd purchased a new stake in shares of NVE during the 2nd quarter valued at approximately $497,000. California State Teachers Retirement System grew its stake in NVE by 2,613.4% in the 2nd quarter. California State Teachers Retirement System now owns 7,109 shares of the semiconductor company’s stock valued at $743,000 after buying an additional 6,847 shares in the last quarter. Odyssean LLC bought a new stake in NVE during the 2nd quarter valued at $248,000. Ranger Investment Management L.P. purchased a new stake in shares of NVE during the second quarter worth $12,686,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of NVE during the second quarter worth $4,879,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Key NVE News

Here are the key news stories impacting NVE this week:

  • Positive Sentiment: NVE’s latest reported quarter remained solid, with $1.32 in EPS, $11.03 million in revenue, a 57.64% net margin, and a 30.53% return on equity. The company also maintains a quarterly dividend of $1.00 per share, equivalent to a 4.0% indicated yield. These figures provide fundamental and income support, although they are not new catalysts. NVE stock information
  • Neutral Sentiment: Reported short interest was zero shares as of September 10, indicating no measurable short-selling pressure or potential short squeeze. Institutional investors own approximately 65.95% of the stock, which may contribute to relatively limited trading liquidity.
  • Negative Sentiment: Director Daniel Baker sold 21,140 shares for approximately $2.15 million at an average price of $101.49, reducing his position by 54.11% and retaining 17,932 shares. The size of the sale can raise investor concerns about insider confidence and create near-term supply pressure, particularly with NVEC trading below its 50-day moving average and at a valuation near 26 times earnings. Daniel Baker insider sale

Analyst Ratings Changes

NVEC has been the topic of a number of research reports. Weiss Ratings raised shares of NVE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen raised NVE from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Check Out Our Latest Analysis on NVEC

About NVE

(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.

See Also