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

NVE Co. (NASDAQ:NVEC) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Monday, November 4th.

NVE Stock Performance

Shares of NVEC opened at $76.25 on Friday. NVE has a fifty-two week low of $64.31 and a fifty-two week high of $90.24. The firm has a market cap of $368.29 million, a price-to-earnings ratio of 21.85 and a beta of 1.14. The firm has a 50 day moving average price of $79.17 and a 200-day moving average price of $78.50.

Insiders Place Their Bets

In other news, Director Terrence Glarner sold 344 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $78.71, for a total transaction of $27,076.24. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $94,452. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by 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.