NVE (NASDAQ:NVEC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of NVE Co. (NASDAQ:NVEC) 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 Trading Down 1.1 %

The company has a 50-day moving average of $78.15 and a 200-day moving average of $78.16. The company has a market capitalization of $396.39 million, a price-to-earnings ratio of 24.55 and a beta of 1.15.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 4th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend 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 NVE stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the sale, the director now directly owns 1,200 shares in the company, valued at approximately $94,452. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in NVE by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 261,476 shares of the semiconductor company’s stock worth $23,580,000 after buying an additional 2,011 shares during the last quarter. Bank of New York Mellon Corp lifted its position in NVE by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 63,034 shares of the semiconductor company’s stock valued at $4,708,000 after purchasing an additional 2,107 shares during the period. Isthmus Partners LLC boosted its holdings in NVE by 0.6% in the second quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock valued at $3,902,000 after purchasing an additional 325 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its position in NVE by 0.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock worth $2,913,000 after purchasing an additional 300 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of NVE by 27.4% during 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 last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

About NVE

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.