NVE Co. (NASDAQ:NVEC) Director Sells $27,076.24 in Stock

NVE Co. (NASDAQ:NVEC) Director Terrence Glarner sold 344 shares of NVE stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total value of $27,076.24. Following the sale, the director now directly owns 1,200 shares in the company, valued at $94,452. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Terrence Glarner also recently made the following trade(s):

• On Tuesday, June 11th, Terrence Glarner sold 200 shares of NVE stock. The stock was sold at an average price of $75.75, for a total value of $15,150.00.

NVE Price Performance

Shares of NASDAQ:NVEC opened at $81.14 on Friday. The business’s fifty day moving average price is $77.69 and its two-hundred day moving average price is $79.91. NVE Co. has a fifty-two week low of $64.14 and a fifty-two week high of $90.24. The stock has a market capitalization of $391.91 million, a price-to-earnings ratio of 22.86 and a beta of 1.16.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share 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. Stockholders of record on Monday, July 29th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, July 29th. NVE’s payout ratio is 112.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Norden Group LLC acquired a new position in NVE in the first quarter worth $1,365,000. Isthmus Partners LLC lifted its position in NVE by 36.0% during the 1st quarter. Isthmus Partners LLC now owns 51,166 shares of the semiconductor company’s stock worth $4,614,000 after buying an additional 13,539 shares in the last quarter. Cardinal Capital Management bought a new stake in NVE during the 1st quarter worth about $1,009,000. Foundry Partners LLC increased its position in NVE by 50.1% in the 4th quarter. Foundry Partners LLC now owns 27,925 shares of the semiconductor company’s stock valued at $2,190,000 after acquiring an additional 9,325 shares in the last quarter. Finally, Oppenheimer & Close LLC acquired a new stake in NVE in the 2nd quarter valued at about $575,000. Institutional investors 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.