Shares of NVE Corp (NASDAQ:NVEC) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price target of $79.00 for the company and are forecasting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also assigned NVE an industry rank of 103 out of 265 based on the ratings given to related companies.

Separately, BidaskClub upgraded shares of NVE from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.

NVE (NASDAQ NVEC) opened at $88.62 on Friday. The firm has a market cap of $429.01, a price-to-earnings ratio of 33.19, a PEG ratio of 1.31 and a beta of 1.15. NVE has a one year low of $70.57 and a one year high of $91.82.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, October 18th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business had revenue of $7.00 million for the quarter, compared to analysts’ expectations of $7.10 million. NVE had a net margin of 44.85% and a return on equity of 14.11%. analysts expect that NVE will post 2.7 earnings per share for the current year.

In related news, CFO Curt A. Reynders sold 1,228 shares of NVE stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $88.47, for a total transaction of $108,641.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Terrence Glarner sold 1,000 shares of NVE stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $85.89, for a total transaction of $85,890.00. Following the transaction, the director now owns 3,200 shares in the company, valued at approximately $274,848. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC lifted its stake in shares of NVE by 43.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 17,500 shares of the semiconductor company’s stock valued at $1,382,000 after buying an additional 5,300 shares in the last quarter. Schroder Investment Management Group bought a new stake in NVE in the 2nd quarter valued at $638,000. Zeke Capital Advisors LLC bought a new stake in NVE in the 3rd quarter valued at $235,000. Bridge City Capital LLC increased its holdings in NVE by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 10,852 shares of the semiconductor company’s stock valued at $857,000 after acquiring an additional 867 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in NVE by 10.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,087 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 403 shares during the last quarter. Institutional investors own 73.31% of the company’s stock.

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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. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).

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