NVE (NASDAQ:NVEC) Releases Earnings Results

NVE (NASDAQ:NVEC) announced 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 Performance

NVE stock traded down $0.18 during midday trading on Wednesday, hitting $81.98. 27,521 shares of the company’s stock were exchanged, compared to its average volume of 22,365. NVE has a 12-month low of $70.20 and a 12-month high of $90.24. The stock has a market cap of $395.96 million, a price-to-earnings ratio of 24.54 and a beta of 1.12. The firm’s 50 day simple moving average is $79.46 and its 200 day simple moving average is $79.45.

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.