NVE (NASDAQ:NVEC) Releases Earnings Results

NVE (NASDAQ:NVEC) issued its quarterly earnings data on Wednesday. The semiconductor company reported $0.63 earnings per share for the quarter, Zacks reports. NVE had a net margin of 58.88% and a return on equity of 24.62%.

NVE Stock Down 0.2 %

Shares of NVEC traded down $0.18 during mid-day trading on Wednesday, reaching $81.98. 27,398 shares of the company’s stock were exchanged, compared to its average volume of 22,365. The company has a 50-day simple moving average of $79.46 and a two-hundred day simple moving average of $79.45. NVE has a 52-week low of $70.20 and a 52-week high of $90.24. The company has a market cap of $395.96 million, a price-to-earnings ratio of 24.54 and a beta of 1.12.

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.