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