NVE (NASDAQ:NVEC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

NVE Co. (NASDAQ:NVEC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 2.4 %

The firm has a market capitalization of $372.54 million, a P/E ratio of 23.09 and a beta of 1.15. The business’s 50 day moving average is $78.13 and its 200-day moving average is $78.15.

NVE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 4th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, November 4th. This represents a $4.00 annualized dividend and a dividend yield of 5.19%. NVE’s dividend payout ratio is currently 119.76%.

Insider Buying and Selling at NVE

In other news, Director Terrence Glarner sold 344 shares of the 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 completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $94,452. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On NVE

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of NVE by 0.8% during the first quarter. Vanguard Group Inc. now owns 261,476 shares of the semiconductor company’s stock valued at $23,580,000 after purchasing an additional 2,011 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in NVE by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 63,034 shares of the semiconductor company’s stock worth $4,708,000 after acquiring an additional 2,107 shares during the last quarter. Isthmus Partners LLC grew its holdings in NVE by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after acquiring an additional 325 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its position in NVE by 0.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock valued at $2,913,000 after acquiring an additional 300 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of NVE by 27.4% during the first quarter. Foundry Partners LLC now owns 35,585 shares of the semiconductor company’s stock valued at $3,209,000 after acquiring an additional 7,660 shares during the last quarter. 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.