NVE (NVEC) Receiving Somewhat Favorable Press Coverage, Study Finds

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News coverage about NVE (NASDAQ:NVEC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NVE earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.8496704378342 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of NASDAQ NVEC opened at $117.30 on Wednesday. NVE has a 1 year low of $68.50 and a 1 year high of $135.00. The firm has a market cap of $550.44 million, a P/E ratio of 40.31 and a beta of 1.07.

NVE (NASDAQ:NVEC) last announced its quarterly earnings results on Wednesday, July 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter. NVE had a net margin of 49.58% and a return on equity of 16.90%. The firm had revenue of $7.11 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Monday, July 30th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Friday, July 27th. NVE’s dividend payout ratio (DPR) is presently 137.46%.

A number of brokerages recently issued reports on NVEC. BidaskClub raised shares of NVE from a “hold” rating to a “buy” rating in a report on Friday, August 10th. ValuEngine raised shares of NVE from a “hold” rating to a “buy” rating in a report on Friday, June 1st.

In other NVE news, CFO Curt A. Reynders sold 271 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $119.63, for a total transaction of $32,419.73. Following the completion of the transaction, the chief financial officer now directly owns 8,729 shares in the company, valued at $1,044,250.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curt A. Reynders sold 1,154 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $118.71, for a total transaction of $136,991.34. Following the transaction, the chief financial officer now owns 7,575 shares of the company’s stock, valued at $899,228.25. The disclosure for this sale can be found here. Insiders have sold 3,425 shares of company stock worth $399,411 over the last three months. 2.40% of the stock is currently owned by insiders.

About NVE

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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Insider Buying and Selling by Quarter for NVE (NASDAQ:NVEC)

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