NVE (NVEC) Stock Price, News & Analysis

Company Overview

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. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion and industrial Internet of Things (IIoT) market; and DC-to-DC convertors for use in power conversion systems and industrial networks for the IIoT. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

Key Stats

• Today's Range: $78.19 to $80.97
• 50-Day Range: $74.32 to $82.95
• 52-Week Range: $69.73 to $90.24
• Volume: 17,106 shs
• Average Volume: 15,305 shs
• Market Capitalization: $391.09 million
• P/E Ratio: 24.24
• Dividend Yield: 4.94%
• Price Target: N/A
• Consensus Rating: N/A

NVE Stock Analysis - MarketRank™

NVE scored higher than 51% of companies evaluated by MarketBeat, and ranked 405th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for NVE.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of NVE is 24.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of NVE is 24.24, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 244.21.

Price to Book Value per Share Ratio

NVE has a P/B Ratio of 6.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.98% of the float of NVE has been sold short.

Short Interest Ratio / Days to Cover

NVE has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in NVE has recently decreased by 10.10%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

NVE is a leading dividend payer. It pays a dividend yield of 5.10%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

NVE does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of NVE is 119.76%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.98% of the float of NVE has been sold short.

Short Interest Ratio / Days to Cover

NVE has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in NVE has recently decreased by 10.10%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.26

News Sentiment

NVE has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for NVE this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NVE insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.90% of the stock of NVE is held by insiders.

Percentage Held by Institutions

65.95% of the stock of NVE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NVEC Stock Analysis - Frequently Asked Questions

How have NVEC shares performed this year?

NVE's stock was trading at $78.43 at the beginning of 2024. Since then, NVEC shares have increased by 3.2% and is now trading at $80.97.
View the best growth stocks for 2024 here.

How were NVE's earnings last quarter?

NVE Co. (NASDAQ:NVEC) posted its quarterly earnings data on Wednesday, May, 1st. The semiconductor company reported $0.79 EPS for the quarter. The semiconductor company had revenue of $7.08 million for the quarter. NVE had a net margin of 58.88% and a trailing twelve-month return on equity of 24.62%.

Who are NVE's major shareholders?

NVE's top institutional investors include State Street Corp (3.35%), Geode Capital Management LLC (2.78%), Penserra Capital Management LLC (0.98%) and Isthmus Partners LLC (0.89%). Insiders that own company stock include Daniel A Baker, Terrence Glarner, Patricia M Hollister and James W Bracke.
View institutional ownership trends.

How do I buy shares of NVE?

Shares of NVEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NVE own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NVE investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 5/01/2024
• Ex-Dividend for 8/30 Dividend: 7/29/2024
• Dividend Payable: 8/30/2024
• Ex-Dividend for 11/29 Dividend: 11/04/2024
• Today: 11/22/2024
• Dividend Payable: 11/29/2024
• Next Earnings (Estimated): 1/15/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:NVEC
• CUSIP: 62944520
• CIK: 724910
• Web: www.nve.com
• Phone: (952) 829-9217
• Fax: 952-829-9189
• Employees: 50
• Year Founded: 1989

Profitability

• EPS (Most Recent Fiscal Year): $3.34
• Trailing P/E Ratio: 24.24
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $17.12 million
• Net Margins: 58.88%
• Pretax Margin: 70.40%
• Return on Equity: 24.62%
• Return on Assets: 24.15%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 36.31
• Quick Ratio: 28.35

Sales & Book Value

• Annual Sales: $29.80 million
• Price / Sales: 13.12
• Cash Flow: $3.85 per share
• Price / Cash Flow: 21.03
• Book Value: $13.42 per share
• Price / Book: 6.03

Miscellaneous

• Outstanding Shares: 4,830,000
• Free Float: 4,742,000
• Market Cap: $391.09 million
• Optionable: Not Optionable
• Beta: 1.15