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Nve Corp  (NVEC)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $75.0100 $-1.29 -1.691%
Day's High: $75.98 Week Perf: -2.23 %
Day's Low: $ 74.68 30 Day Perf: -4.07 %
Volume (M): 10 52 Wk High: $ 100.19
Volume (M$): $ 735 52 Wk Avg: $80.00
Open: $75.98 52 Wk Low: $64.14



 Market Capitalization (Millions $) 363
 Shares Outstanding (Millions) 5
 Employees 45
 Revenues (TTM) (Millions $) 30
 Net Income (TTM) (Millions $) 17
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) 0

Nve Corp

NVE Corporation, referred to as NVE, develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. We manufacture high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. We have also licensed our spintronic magnetoresistive random access memory technology, commonly known as MRAM.

Our sensor products detect the strength or gradient of magnetic fields and are often used to determine position or speed. The GMR changes its electrical resistance depending on the magnetic field. In our devices, GMR is combined with conventional foundry integrated circuitry and packaged in much the same way as conventional integrated circuits. We sell standard or catalog sensors, and custom sensors designed to meet customers’ exact requirements. Our sensors are quite small, very sensitive to magnetic fields, precise, and reliable.

Standard sensors
Our standard, or catalog, sensors are generally used to detect the presence of a magnetic or metallic material to determine position or speed. We believe our spintronic sensors are smaller, more precise, more reliable, and lower power than competing devices. Our major market for standard sensors is the Industrial Internet of Things (IIoT) for factory automation.

Custom and medical sensors
Our primary custom products are sensors for medical devices, which are customized to our customers’ requirements and manufactured under stringent medical device quality standards. Most are used to replace electromechanical magnetic switches. We believe our sensors have important advantages in medical devices compared to electromechanical switches, including no moving parts for inherent reliability, and being smaller, more sensitive, and more precise. Our sensors can be customized using customer-specific integrated signal processing and design variations that can include the range and sensitivity to magnetic fields, electrical resistance, and multisensor elements configuration. Future custom sensor target markets include consumer electronics, automotive electronics, and biosensors.

Coupler Products and Markets
Our spintronic couplers combine a GMR sensor element and an “IsoLoop” integrated microscopic coil. The coil creates a small magnetic field that is picked up by the spintronic sensor, transmitting data almost instantly. Couplers are also known as “isolators” because they electrically isolate the coupled systems. Our IsoLoop couplers are faster than the fastest optical couplers.

We have five lines of coupler products: cost-effective IL500-Series couplers; IL600-Series passive-input couplers; IL700/IL200-Series high-speed couplers; IL4/IL3-Series isolated network couplers; and IL800-Series top-of-the-line couplers. Our major coupler market is the Industrial Internet of Things (IIoT) for factory automation.

MRAM Products and Markets
MRAM uses spintronics to store data. It has been called the ideal or universal memory because of its potential to combine the speed of SRAM, the density of DRAM, and the nonvolatility of flash memory. Data is stored in the spin of the electrons in thin metal alloy films, and read with spin-dependent tunnel junctions. Unlike electrical charge, the spin of an electron is inherently permanent. We have invented several types of MRAM memory cells including inventions related to advanced MRAM designs and MRAM for tamper prevention or detection.

Our strategy is to develop, manufacture, and sell low bit-density MRAM for applications such as tamper prevention and detection. For high bit-density MRAM, our strategy is to license our technology to companies with large-scale memories manufacturing capabilities.



   Company Address: 11409 Valley View Road Eden Prairie 55344 MN
   Company Phone Number: 829-9217   Stock Exchange / Ticker: NASDAQ NVEC
   


Customers Net Income fell by NVEC's Customers Net Profit Margin fell to

-5.9 %

15.72 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADI   -1.78%    
AVGO        20.45% 
MU        4.85% 
NVDA        8.28% 
ON   -2.08%    
TXN   -1.88%    
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Announcement

Elevating Boardroom Strategy Amid Financial Turbulence: Dr. Kelly Wei's Directorship Appointment at NVE Corporation.

Published Mon, May 13 2024 8:05 PM UTC

In a decisive move aimed at strengthening their tactical prowess and governing structures, NVE Corporation, the renowned Eden Prairie, Minnesota-based technology organization, has announced the addition of Kelly Wei, Ph.D., to its Board of Directors. This announcement was made on May 13, 2024, following the tragic passing of their revered board member, Richard W. Kramp.Dr. W...

Announcement

NVE Corporation Faces Revenue Decline Amidst Loss of Esteemed Board Member Richard W. Kramp

Published Mon, May 6 2024 8:05 PM UTC

In unfortunate news, NVE Corporation (Nasdaq: NVEC) recently announced the passing of Richard W. Kramp, a distinguished member of the company's Board of Directors. Having served on NVE's board since 2014, Mr. Kramp's significant contributions to the medical device industry, including his role as CEO of Synovis Life Technologies, Inc., will be greatly missed. Furthermore, the...

Nve Corp

Semiconductors Company Faces Significant Challenges in Q4 2024

The stock market has had its fair share of ups and downs, but despite some recent challenges, there is still plenty of reason for optimism. Although the fourth quarter of 2024 brought a decline in company earnings per share, it's important to put these numbers in perspective.
It is true that earnings per share decreased by -53.82% compared to the previous year, and -9.54% from the preceding financial reporting period. However, we must consider the wider context. Even with these declines, the overall earnings per share still stand at $0.79, a respectable figure in the market. It is worth acknowledging that the preceding year had exceptionally high earnings per share, making it more challenging to maintain that level of growth.

Nve Corp

NVE Corp Experiences Significant Decline in Top-Line Revenue, Closes Dec 31 2023

NVE Corporation (Nasdaq: NVEC) recently announced its financial results for the quarter and nine months ended December 31, 2023. The company's bottom-line experienced a slight decrease of -1.14% to $0.87 per share compared to $0.88 per share from a year ago. Additionally, profits fell by -11.22% from $0.98 per share in the previous quarter. The revenue also witnessed a decline of -8.72% to $6.76 million from $7.40 million in the corresponding quarter a year ago. Sequentially, the revenue decreased by -5.285% from $7.13 million.
Furthermore, NVE Corporation's net income for the fiscal third quarter of 2024 fell by -1.11% to $4.184 million compared to $4.231 million in the corresponding period a year before. Despite these numbers, the company highlighted its improving profit margins. The net margin rose to 61.93% in the fiscal third quarter of 2024, and the operating margin edged up to 66.18%.

Nve Corp

Nve Corp's Astonishing Revenue Drop in Q2 2024 Shakes Up the Business Landscape

Investors in the stock market have their eyes on Nve Corp as it navigates the complexities of the fiscal interval from July to September 30, 2023. While the company experienced a dip in income compared to the previous year, there are silver linings that suggest the potential for growth and improvement.
During this period, company income fell by 22.22% to $0.98 per share, down from $1.26 per share the previous year. However, it is important to note that income did improve by 7.69% from $0.91 per share from the prior reporting period. This indicates that Nve Corp is making positive strides toward recovering from any setbacks.






 

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Earnings Outlook
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