NVE (NASDAQ:NVEC) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

NVE Co. (NASDAQ:NVEC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $79.09 and traded as high as $80.46. NVE shares last traded at $79.65, with a volume of 16,712 shares trading hands.

NVE Stock Up 2.0 %

The stock has a market cap of $394.65 million, a price-to-earnings ratio of 24.44 and a beta of 1.12. The company has a 50 day simple moving average of $79.50 and a 200 day simple moving average of $79.13.

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Monday, November 4th. NVE’s dividend payout ratio is 119.76%.

Institutional Trading of NVE

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in NVE by 2,792.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock worth $5,442,000 after purchasing an additional 65,782 shares in the last quarter. State Street Corp grew its holdings in shares of NVE by 10.2% during the third quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock worth $12,934,000 after purchasing an additional 14,959 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NVE by 7.8% during the third quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company’s stock worth $10,754,000 after purchasing an additional 9,763 shares during the last quarter. GSA Capital Partners LLP bought a new position in NVE in the 3rd quarter valued at approximately $761,000. Finally, Barclays PLC raised its holdings in NVE by 317.0% in the 3rd quarter. Barclays PLC now owns 6,863 shares of the semiconductor company’s stock valued at $549,000 after buying an additional 5,217 shares during the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Company Profile

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.