NVE (NASDAQ:NVEC) Posts Earnings Results

NVE (NASDAQ:NVEC) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.79 EPS for the quarter, Zacks reports. NVE had a return on equity of 32.31% and a net margin of 60.66%. The firm had revenue of $7.08 million for the quarter.

NVE Trading Down 4.2 %

Shares of NVEC stock traded down $3.43 during trading on Thursday, hitting $77.96. The company’s stock had a trading volume of 18,510 shares, compared to its average volume of 22,757. The company has a market cap of $376.55 million, a PE ratio of 17.38 and a beta of 1.21. The business has a fifty day moving average of $83.55 and a 200-day moving average of $78.03. NVE has a 52 week low of $64.14 and a 52 week high of $100.19.

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.