Shares last traded at $85.58 a tad higher than $78.33, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $78.37. The 50 day moving average went up by +9.26% whereas the 200 day average was up by +9.20%. 456 shares changed hands in the last trading session. Volume was down 97.44% under the stocks average daily volume.
Investors are feeling more bullish on the company looking at the downtick in short interest. The stock saw a fall in short interest of -15.88% as of the latest report on September 29, 2017. Short interest fell from 118,299 to 99,519 over that timeframe. The short-interest ratio decreased to 7.0 and the percentage of shorted shares was 0.02% on September 29.
These firms have modified their investment in NVEC. Isthmus Partners, LLC reduced its position by shedding 136 shares a decrease of 1.3% from 12/31/2016 to 06/30/2017. Isthmus Partners, LLC currently owns 10,510 shares valued at $809,000. The value of the position overall is up by 6.4%. As of quarter end Eqis Capital Management, Inc. had disposed of a total of 368 shares trimming its stake by 11.2%. The value of the company’s investment in NVE Corporation decreased from $253,000 to $230,000 a change of $23,000 quarter to quarter.
As of the end of the quarter Denali Advisors LLC had sold 44 shares trimming its position 53.7%. The value in dollars went from $6,000 to $3,000 decreasing 50.0% since the last quarter. As of the end of the quarter Conestoga Capital Advisors, LLC had acquired 45,117 shares growing its holdings by 18.3%. The value of the investment in NVE Corporation went from $18,986,000 to $23,035,000 a change of 21.3% for the reporting period.
The company is so far trading up by 1.52% percent from yesterday’s close. Additionally NVE Corporation announced a dividend to be paid on Thursday November 30th, 2017. The dividend payment will be $1.000 per share for the quarter or $4.00 annualized. This dividend amount will represent a yield of $4.65. The ex-dividend date is set for Thursday the 27th of July 2017.
NVE Corporation’s P/E ratio is 31.58 and market cap is 414.29M. In the last earnings report the EPS was $2.71 and is projected to be $2.70 for the current year with 4,841,000 shares now outstanding. Next quarter’s EPS is expected be $0.74 and the next full year EPS is projected to be $2.83.
NVE Corporation, launched on April 2, 1982, develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM). The Business’s parts are found in industrial, scientific, and medical applications. The Business’s products include sensors, couplers and MRAM products..