NVE Corporation (NASDAQ: NVEC) is one of 32 publicly-traded companies in the “Electronic Component” industry, but how does it compare to its peers? We will compare NVE Corporation to related businesses based on the strength of its profitability, valuation, earnings, analyst recommendations, institutional ownership, dividends and risk.
This table compares NVE Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|NVE Corporation Competitors||2.04%||-1.99%||0.66%|
NVE Corporation pays an annual dividend of $4.00 per share and has a dividend yield of 5.4%. NVE Corporation pays out 148.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Electronic Component” companies pay a dividend yield of 2.5% and pay out 51.5% of their earnings in the form of a dividend.
Institutional & Insider Ownership
71.4% of NVE Corporation shares are owned by institutional investors. Comparatively, 56.3% of shares of all “Electronic Component” companies are owned by institutional investors. 2.3% of NVE Corporation shares are owned by insiders. Comparatively, 9.1% of shares of all “Electronic Component” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
This is a summary of recent ratings and recommmendations for NVE Corporation and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|NVE Corporation Competitors||98||349||502||6||2.44|
NVE Corporation presently has a consensus target price of $79.00, indicating a potential upside of 7.45%. As a group, “Electronic Component” companies have a potential downside of 2.29%. Given NVE Corporation’s higher probable upside, research analysts clearly believe NVE Corporation is more favorable than its peers.
Risk & Volatility
NVE Corporation has a beta of 1.22, suggesting that its stock price is 22% more volatile than the S&P 500. Comparatively, NVE Corporation’s peers have a beta of 1.02, suggesting that their average stock price is 2% more volatile than the S&P 500.
Valuation & Earnings
This table compares NVE Corporation and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|NVE Corporation||$29.23 million||$18.97 million||27.23|
|NVE Corporation Competitors||$895.26 million||$186.21 million||10.25|
NVE Corporation’s peers have higher revenue and earnings than NVE Corporation. NVE Corporation is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
NVE Corporation beats its peers on 8 of the 15 factors compared.
NVE Corporation Company Profile
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM). Its parts are found in industrial, scientific, and medical applications. The Company’s products include sensors, couplers and MRAM products. Its sensor products detect the strength or gradient of magnetic fields and are used to determine position or speed. Its spintronic couplers combine a GMR sensor element and an IsoLoop integrated microscopic coil. MRAM uses spintronics to store data. It combines the speed of static random-access memory (SRAM), the density of dynamic random-access memory (DRAM) and the nonvolatility of flash memory. Data is stored in the spin of the electrons in thin metal alloy films.
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