NVE (NASDAQ:NVEC) Posts Quarterly Earnings Results

NVE (NASDAQ:NVEC) released its quarterly 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 %

Shares of NVEC traded down $0.18 during midday trading on Wednesday, hitting $81.98. The company had a trading volume of 27,398 shares, compared to its average volume of 22,365. The company’s 50 day moving average price is $79.46 and its 200 day moving average price is $79.45. The stock has a market cap of $395.96 million, a price-to-earnings ratio of 24.54 and a beta of 1.12. NVE has a 52 week low of $70.20 and a 52 week high of $90.24.

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.