NVE (NASDAQ:NVEC) Issues Earnings Results

NVE (NASDAQ:NVEC) released its earnings results on Wednesday. The semiconductor company reported $0.63 earnings per share (EPS) 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 %

NVE stock traded down $0.18 during mid-day trading on Wednesday, reaching $81.98. 27,521 shares of the company’s stock were exchanged, compared to its average volume of 22,365. NVE has a twelve month low of $70.20 and a twelve month high of $90.24. The company has a fifty day moving average of $79.46 and a 200-day moving average of $79.45. The company has a market cap of $395.96 million, a P/E 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.