NVE Corporation (NASDAQ:NVEC) is reporting second quarter financial results on Wednesday 21st October 2020, after market close.
Previous Quarter Performance
NVE Corporation unwinded income for the first quarter of $ 0.50 per share, from the revenue of $ 4.59 million.
Stock Performance
Shares of NVE Corporation traded up $ 0.42 or 0.86 percent on Tuesday, reaching $ 49.47 with volume of 15.70 thousand shares. NVE Corporation has traded high as $ 49.60 and has cracked $ 48.90 on the downward trend
The closing price of $ 49.47, representing a 14.47 % increase from the 52 week low of $ 42.85 and a 35.8 % decrease over the 52 week high of $ 76.40.
The company has a market capital of $ 239.19 million and is part of the Technology sector and Semiconductors industry.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 1.00 per share to holders of record as of the close of business on August 3, 2020, with payment date of August 31, 2020 and ex-dividend date on July 31, 2020.
Conference Call
NVE Corporation will be hosting a conference call at 5:00 PM eastern time on 21st October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nve.com
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.
