NVE (NASDAQ:NVEC) Stock Price Passes Above 200 Day Moving Average of $80.03

NVE Co. (NASDAQ:NVEC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $80.03 and traded as high as $84.09. NVE shares last traded at $83.56, with a volume of 33,734 shares traded.

NVE Price Performance

The stock has a market capitalization of $403.93 million, a price-to-earnings ratio of 23.54 and a beta of 1.16. The firm’s fifty day moving average is $78.61 and its 200-day moving average is $80.03.

NVE (NASDAQ:NVEC) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $6.78 million for the quarter. NVE had a net margin of 60.60% and a return on equity of 25.53%.

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, July 29th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, July 29th. NVE’s dividend payout ratio (DPR) is presently 112.68%.

Insiders Place Their Bets

In other news, Director Terrence Glarner sold 344 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $78.71, for a total value of $27,076.24. Following the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $94,452. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVEC. American Century Companies Inc. lifted its stake in NVE by 10.9% in the second quarter. American Century Companies Inc. now owns 8,945 shares of the semiconductor company’s stock valued at $668,000 after buying an additional 876 shares during the last quarter. Koss Olinger Consulting LLC bought a new stake in NVE in the 2nd quarter valued at about $460,000. Isthmus Partners LLC boosted its stake in NVE by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock valued at $3,902,000 after purchasing an additional 325 shares during the period. Private Advisor Group LLC grew its position in NVE by 45.5% in the 2nd quarter. Private Advisor Group LLC now owns 7,769 shares of the semiconductor company’s stock worth $580,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Kings Path Partners LLC bought a new position in NVE in the 2nd quarter worth about $443,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.