Reading the tape
NASDAQ: NVEC
NVE Corporation
Technology · Semiconductors
Market Cap
$436.36M
52w High
$95.25
52w Low
$57.21
P/E
28.71
Volume
108.58K
Outstanding Shares
4.84M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 33.55%Revenue (TTM): 1.76%FCF (TTM): 10.84%P/FCF: 88th pct
What changed
The stock rose 33.55% over the last year. Revenue grew 1.76% over the trailing twelve months. Operating margin moved from 61.81% to 60.46%. Free cash flow grew 10.84% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 60.46%. A decisive move in revenue — currently up 1.76% — would be the clearest signal to resolve the ambiguity.
Company profile
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.
CEODaniel A. Baker
SectorTechnology
IndustrySemiconductors
Employees41
IPO dateMay 23, 1995
Valuation
Forward P/E—
EV/EBITDA19.28
Enterprise value$315.86M
Stock splits
Nov 22, 2002↓ Reverse
Every 5 shares became 1
Dec 6, 2000↓ Reverse
Every 5 shares became 1
Profitability & growth
Revenue growth5.3%
Gross margin78.73%▼5.85%vs FY2025
Operating margin60.46%▼2.19%vs FY2025
ROE26.09%▲7.86%vs FY2025
Analyst consensus
Rating—
Target price—
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est — · Revenue est —
View
Dividends
$4.00/shareQuarterlyDividend Achiever · 10yrEx-div May 18, 2026 · in 8dStretchedNVEC pays a dividend with a 4.43% declared yield, 10 consecutive years of growth, covered 0.7× by free cash flow.
Declared Yield
4.43%
Annual Div / Share
$4.00
5yr CAGR
+0%
Payout Ratio
127.3%
Stretched
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+0%
10yr CAGR
+0%
Dividend Safety
2/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$4.00+0.0%
2025$4.00+0.0%
2024$4.00+0.0%
2023$4.00+0.0%
2022$4.00+0.0%
2021$4.00+0.0%
2020$4.00+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$44/yr
$4/mo
In 5 yrs
$44/yr
$4/mo
In 10 yrs
$44/yr
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$44/yr $4/mo | $44/yr $4/mo | $44/yr $4/mo |
Analysis
Dividend Strengths
Dividend Achiever
NVEC has raised its dividend for 10 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
High payout ratio
With 127.3% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only 0.75× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.