NVE (NASDAQ:NVEC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

NVE Co. (NASDAQ:NVEC) passed 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.

NVE Stock Down 1.1 %

The business has a 50-day simple moving average of $78.15 and a 200-day simple moving average of $78.16. The company has a market cap of $396.39 million, a PE ratio of 24.55 and a beta of 1.15.

NVE Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a yield of 4.88%. NVE’s dividend payout ratio is currently 119.76%.

Insiders Place Their Bets

In other news, Director Terrence Glarner sold 344 shares of NVE 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 sale, the director now owns 1,200 shares in the company, valued at $94,452. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVE

A number of hedge funds have recently made changes to their positions in NVEC. Vanguard Group Inc. increased its position 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 worth $23,580,000 after purchasing an additional 2,011 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 2,107 shares during the last quarter. Isthmus Partners LLC grew its holdings in shares of NVE by 0.6% during the second quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after buying an additional 325 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its holdings in shares of NVE by 0.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock worth $2,913,000 after buying an additional 300 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of NVE by 27.4% in the first 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. Institutional investors and hedge funds own 65.95% of the company’s stock.

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.