NVE Co. Declares Quarterly Dividend of $1.00 (NASDAQ:NVEC)

NVE Co. (NASDAQ:NVEC) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Monday, November 4th will be paid a dividend of 1.00 per share by the semiconductor company on Friday, November 29th. This represents a $4.00 annualized dividend and a yield of 5.27%. The ex-dividend date is Monday, November 4th.

NVE Trading Up 0.7 %

Shares of NVEC stock opened at $75.92 on Friday. The company has a market capitalization of $366.69 million, a P/E ratio of 22.73 and a beta of 1.14. NVE has a 12 month low of $67.11 and a 12 month high of $90.24. The stock has a 50 day moving average of $78.60 and a two-hundred day moving average of $78.22.

Insider Buying and Selling

In other NVE news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $94,452. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

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.