NVE (NASDAQ:NVEC) Shares Cross Above 200-Day Moving Average - Here's What Happened

NVE Corporation (NASDAQ:NVEC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $68.29 and traded as high as $69.47. NVE shares last traded at $69.24, with a volume of 53,524 shares trading hands.Analysts Set New Price TargetsWill Fed Rate-Hike Pause Lead To Small-Cap Outperformance? Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of NVE in a research note on Monday, December 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, NVE presently has an average rating of "Hold".View Our Latest Stock Report on NVENVE Stock PerformanceThe business's 50 day moving average is $66.81 and its 200-day moving average is $68.29. The stock has a market cap of $335.12 million, a price-to-earnings ratio of 24.29 and a beta of 1.24. NVE (NASDAQ:NVEC - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $6.35 million for the quarter. NVE had a net margin of 55.79% and a return on equity of 22.48%. NVE Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 3rd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, November 3rd. NVE's payout ratio is 140.35%. Hedge Funds Weigh In On NVEHedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC acquired a new position in NVE in the third quarter valued at approximately $36,000. SG Americas Securities LLC purchased a new stake in NVE during the 3rd quarter valued at approximately $143,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NVE by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company's stock worth $183,000 after purchasing an additional 156 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of NVE in the 2nd quarter worth $211,000. Finally, US Bancorp DE boosted its holdings in NVE by 6.6% in the 1st quarter. US Bancorp DE now owns 4,794 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company's stock. About NVE (Get Free Report)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.Featured StoriesFive stocks we like better than NVEThe Risks of Owning BondsWhat Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer HealthETF Screener: Uses and Step-by-Step Guide 3 Stocks Most Likely to Split in 2026What Are Earnings Reports?ChargePoint's Comeback Story: Why This EV Stock Is Charging Up AgainThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in NVE Right Now?Before you consider NVE, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVE wasn't on the list.While NVE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here