NVE (NASDAQ:NVEC) Issues Earnings Results

NVE (NASDAQ:NVEC) announced its quarterly earnings results on Wednesday. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, Zacks reports. NVE had a net margin of 58.33% and a return on equity of 23.02%.

NVE Stock Performance

NVE stock opened at $71.92 on Friday. NVE has a fifty-two week low of $68.73 and a fifty-two week high of $90.24. The stock has a fifty day moving average of $79.46 and a two-hundred day moving average of $79.41. The company has a market capitalization of $347.37 million, a price-to-earnings ratio of 23.20 and a beta of 1.12.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Monday, February 3rd. NVE’s dividend payout ratio (DPR) is presently 129.03%.

About NVE

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.