Zacks: NVE Co. (NVEC) Given $79.00 Consensus Price Target by Analysts

Shares of NVE Co. (NASDAQ:NVEC) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price target of $79.00 for the company, according to Zacks. Zacks has also assigned NVE an industry rank of 197 out of 265 based on the ratings given to related companies.

How to Become a New Pot Stock Millionaire

Separately, BidaskClub upgraded shares of NVE from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st.

Several institutional investors and hedge funds have recently made changes to their positions in NVEC. Conestoga Capital Advisors LLC increased its position in shares of NVE by 24.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 363,609 shares of the semiconductor company’s stock valued at $31,270,000 after acquiring an additional 71,915 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of NVE by 147.6% during the fourth quarter. Bank of New York Mellon Corp now owns 66,234 shares of the semiconductor company’s stock valued at $5,696,000 after acquiring an additional 39,482 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of NVE during the fourth quarter valued at about $709,000. Deutsche Bank AG increased its position in shares of NVE by 149.0% during the fourth quarter. Deutsche Bank AG now owns 10,839 shares of the semiconductor company’s stock valued at $930,000 after acquiring an additional 6,486 shares during the last quarter. Finally, Granite Investment Partners LLC increased its position in shares of NVE by 57.0% during the fourth quarter. Granite Investment Partners LLC now owns 17,700 shares of the semiconductor company’s stock valued at $1,523,000 after acquiring an additional 6,425 shares during the last quarter. Institutional investors and hedge funds own 87.13% of the company’s stock.

NVE stock opened at $79.89 on Friday. NVE has a 12-month low of $68.50 and a 12-month high of $94.00. The stock has a market cap of $395.69, a P/E ratio of 29.81 and a beta of 1.07.

NVE (NASDAQ:NVEC) last released its quarterly earnings data on Wednesday, January 17th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.15. NVE had a net margin of 45.31% and a return on equity of 14.68%. The firm had revenue of $7.36 million during the quarter, compared to analysts’ expectations of $7.20 million.

WARNING: “Zacks: NVE Co. (NVEC) Given $79.00 Consensus Price Target by Analysts” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2018/04/17/zacks-nve-co-nvec-given-79-00-consensus-price-target-by-analysts.html.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin 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 the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

Get a free copy of the Zacks research report on NVE (NVEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NVE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply