NVE (NASDAQ:NVEC) Shares Pass Above 200-Day Moving Average - What's Next?

NVE Co. (NASDAQ:NVEC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.16 and traded as high as $82.65. NVE shares last traded at $82.00, with a volume of 23,250 shares traded.

NVE Stock Down 3.6 %

The company has a market capitalization of $382.13 million, a PE ratio of 24.55 and a beta of 1.15. The stock's fifty day simple moving average is $78.15 and its 200-day simple moving average is $78.16.

NVE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.06%. The ex-dividend date is Monday, November 4th. NVE's dividend payout ratio (DPR) is presently 119.76%.

Insider Buying and Selling at NVE

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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On NVE

A number of hedge funds have recently added to or reduced their stakes in NVEC. Foundry Partners LLC grew its holdings in shares of NVE by 27.4% in the 1st quarter. Foundry Partners LLC now owns 35,585 shares of the semiconductor company's stock valued at $3,209,000 after buying an additional 7,660 shares during the period. Vanguard Group Inc. increased its stake in shares of NVE by 0.8% in the first quarter. Vanguard Group Inc. now owns 261,476 shares of the semiconductor company's stock valued at $23,580,000 after buying an additional 2,011 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NVE by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,966 shares of the semiconductor company's stock worth $719,000 after acquiring an additional 237 shares in the last quarter. Sei Investments Co. boosted its position in shares of NVE by 35.2% during the first quarter. Sei Investments Co. now owns 10,370 shares of the semiconductor company's stock valued at $935,000 after buying an additional 2,700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in NVE during the second quarter worth about $238,000. 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.