NVE (NASDAQ:NVEC) Issues Quarterly Earnings Results

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

NVE Stock Down 12.3 %

NASDAQ NVEC opened at $71.92 on Friday. NVE has a 52-week low of $68.73 and a 52-week high of $90.24. The firm has a 50-day moving average price of $79.46 and a 200 day moving average price of $79.41. The stock has a market capitalization of $347.37 million, a P/E ratio of 23.20 and a beta of 1.12.

NVE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, February 3rd. NVE’s payout ratio is 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.