NVE (NASDAQ:NVEC) Upgraded to Buy by ValuEngine

NVE (NASDAQ:NVEC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, February 4th.

Separately, BidaskClub cut NVE from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th.

NASDAQ NVEC opened at $103.51 on Monday. The company has a market capitalization of $498.17 million, a PE ratio of 32.13 and a beta of 1.25. NVE has a 1-year low of $72.61 and a 1-year high of $135.00.

NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $0.71 EPS for the quarter. NVE had a return on equity of 18.22% and a net margin of 53.96%. The firm had revenue of $6.27 million for the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in NVE by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 126,093 shares of the semiconductor company’s stock worth $11,038,000 after buying an additional 2,562 shares during the last quarter. Millennium Management LLC lifted its holdings in NVE by 115.3% during the 4th quarter. Millennium Management LLC now owns 4,196 shares of the semiconductor company’s stock worth $367,000 after buying an additional 2,247 shares during the last quarter. Ranger Investment Management L.P. lifted its holdings in NVE by 78.5% during the 4th quarter. Ranger Investment Management L.P. now owns 39,652 shares of the semiconductor company’s stock worth $3,471,000 after buying an additional 17,432 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in NVE by 313.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,513 shares of the semiconductor company’s stock worth $132,000 after buying an additional 1,147 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in NVE by 70.0% during the 4th quarter. Bank of America Corp DE now owns 3,699 shares of the semiconductor company’s stock worth $323,000 after buying an additional 1,523 shares during the last quarter. 75.07% of the stock is owned by institutional investors.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

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