Today: The NVE Corp. (NVEC) to Release Quarterly Earnings on Wednesday

The NVE Corp. (NVEC) to Release Quarterly Earnings on Wednesday

NVE Corp. (NASDAQ:NVEC) will be posting its quarterly earnings results after the market closes on Wednesday, October 19th. Analysts expect NVE Corp. to post earnings of $0.56 per share for the quarter.

Shares of NVE Corp. (NASDAQ:NVEC) opened at 55.41 on Tuesday. The stock’s 50 day moving average is $58.48 and its 200 day moving average is $57.56. NVE Corp. has a 12 month low of $45.47 and a 12 month high of $62.93. The company has a market cap of $267.91 million, a P/E ratio of 23.10 and a beta of 0.59.

Separately, Zacks Investment Research upgraded shares of NVE Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 24th.

In other news, Director Terrence Glarner sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $57.86, for a total value of $57,860.00. Following the transaction, the director now owns 4,200 shares in the company, valued at approximately $243,012. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in NVE Corp. by 12.9% in the second quarter. Vanguard Group Inc. now owns 179,474 shares of the company’s stock valued at $10,526,000 after buying an additional 20,438 shares in the last quarter. BlackRock Advisors LLC raised its stake in NVE Corp. by 0.6% in the second quarter. BlackRock Advisors LLC now owns 2,376 shares of the company’s stock valued at $139,000 after buying an additional 14 shares in the last quarter. BlackRock Investment Management LLC raised its stake in NVE Corp. by 10.4% in the second quarter. BlackRock Investment Management LLC now owns 19,855 shares of the company’s stock valued at $1,164,000 after buying an additional 1,869 shares in the last quarter. US Bancorp DE raised its stake in NVE Corp. by 12.2% in the second quarter. US Bancorp DE now owns 23,494 shares of the company’s stock valued at $1,378,000 after buying an additional 2,550 shares in the last quarter. Finally, State Street Corp raised its stake in NVE Corp. by 1.9% in the second quarter. State Street Corp now owns 89,565 shares of the company’s stock valued at $5,255,000 after buying an additional 1,637 shares in the last quarter. Hedge funds and other institutional investors own 73.47% of the company’s stock.

About NVE Corp.

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