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Last $66.29 USD
Change Today -1.16 / -1.72%
Volume 11.6K
NVEC On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

nve corp (NVEC) Snapshot

Open
$67.94
Previous Close
$67.45
Day High
$68.95
Day Low
$65.70
52 Week High
11/7/14 - $75.94
52 Week Low
06/4/14 - $50.06
Market Cap
322.0M
Average Volume 10 Days
15.3K
EPS TTM
$2.73
Shares Outstanding
4.9M
EX-Date
01/29/15
P/E TM
24.3x
Dividend
$8.24
Dividend Yield
3.11%
Current Stock Chart for NVE CORP (NVEC)

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nve corp (NVEC) Details

NVE Corporation is engaged in the development and sale of devices that use spintronics, a nanotechnology, which relies on electron spin rather than electron charge to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers, such as passive-input couplers, high-speed couplers, and isolated network couplers. In addition, it licenses the spintronic magnetoresistive random access memory technology to store data, as well as conducts contract research and development activities. The company sells its products through distributors primarily in the United States, Europe, Asia, and other regions. NVE Corporation was founded in 1982 and is headquartered in Eden Prairie, Minnesota.

54 Employees
Last Reported Date: 06/6/14
Founded in 1982

nve corp (NVEC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $273.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $164.0K
Compensation as of Fiscal Year 2014.

nve corp (NVEC) Key Developments

NVE Corp. Declares Cash Dividends, Payable on February 27, 2015

NVE Corp. announced that its Board of Directors declared a cash dividend to shareholders in the aggregate amount of $10 million, payable February 27, 2015 to shareholders of record as of February 2, 2015. This represents a dividend of approximately $2.06 per share of common stock share based on shares outstanding as of January 16, 2015. The company’s Board also plans to declare cash dividends for future quarters significantly above the company’s current free cash flow. All future dividends will be subject to Board approval and subject to the company’s results of operations, cash and marketable security balances, the timing of securities maturations, estimates of future cash requirements, fixed asset requirements, and other factors the Board may deem relevant.

NVE Corporation Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

NVE Corporation reported unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total revenue of $6,291,748 compared to $6,473,697 a year ago. Income from operations was $3,589,640 against $3,575,357 a year ago. Income before taxes was $4,147,483 against $4,105,740 a year ago. Net income was $2,792,906 or $0.57 per basic and diluted share against $2,777,174 or $0.57 per basic and diluted share a year ago. The revenue decrease was due to a 9% decrease in product sales, partially offset by a 16-fold increase in contract research and development revenue. The increase in net income was despite a 3% decrease in total revenue to $6.29 million from $6.47 million in the prior year quarter. For the nine months, the company reported total revenue of $23,012,156 compared to $19,951,810 a year ago. Income from operations was $14,296,114 against $11,119,315 a year ago. Income before taxes was $15,965,434 against $12,696,839 a year ago. Net income was $10,705,638 or $2.20 per diluted share against $8,573,650 or $1.76 per diluted share a year ago. The increase in revenue was due to a 14% increase in product sales and a 124% increase in contract research and development revenue. The increase in net income was due to increased product sales, increased contract research and development revenue, increased gross margin, decreased R&D expense and increased interest income. Operating cash flow or net cash provided by operating activities increased 10% to $10.8 million compared to $9.82 million in the prior year. Purchases of fixed assets were $114,139 compared to $33,893 in the first 9 months of fiscal 2014.

NVE Corp. Presents at Pareto Securities' 17th Annual Power and Renewable Energy Conference in Oslo, Jan-15-2015 03:15 PM

NVE Corp. Presents at Pareto Securities' 17th Annual Power and Renewable Energy Conference in Oslo, Jan-15-2015 03:15 PM. Venue: Oslo, Norway. Speakers: Per Sanderud, Vassdrags- og energidirektør.

 

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Industry Analysis

NVEC

Industry Average

Valuation NVEC Industry Range
Price/Earnings 24.8x
Price/Sales 11.3x
Price/Book 2.9x
Price/Cash Flow 24.7x
TEV/Sales 10.5x
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