# NVE Corporation (NVEC)

> Source: Nexqual · https://nexqual.com/NVEC · data as of 2026-10-23 13:30 UTC · cite as "Nexqual, NVE Corporation (NVEC), nexqual.com/NVEC" · informational, not investment advice.

**Price:** USD 68.43 (+0.10% today) · US market open, as of October 23, 2026 at 13:30 UTC; quotes may be delayed. Prev close 68.36 · day 68–69.36 · 52w 57.21–135 · market cap $331M · NCM

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $30.7M, net income $17.9M (58.1% margin), free cash flow $18.7M (SEC filings).
- Valuation: P/E 18.5x (avg 22.3x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold NVEC (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $5.2M; 4 not under a Rule 10b5-1 plan ($5.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y -0.4% vs S&P 500 +14.9%; 5Y +31.8% vs S&P 500 +80.3%.
- Next earnings: 2027-01-20, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $27.0M | $38.3M | $29.8M | $25.9M | $26.3M | $30.7M |
| Gross profit | $20.7M | $30.2M | $23.0M | $21.6M | $20.7M | — |
| Operating income | $16.3M | $25.6M | $18.5M | $16.0M | $15.9M | $19.0M |
| Net income | $14.5M | $22.7M | $17.1M | $15.1M | $15.2M | $17.9M |
| EPS (diluted) | $3.00 | $4.70 | $3.54 | $3.11 | $3.14 | — |
| Free cash flow | $12.0M | $18.2M | $18.2M | $13.1M | $14.5M | $18.7M |
| Gross margin | 76.8% | 78.9% | 77.3% | 83.6% | 78.7% | — |
| Operating margin | 60.5% | 67.0% | 62.1% | 61.8% | 60.5% | 61.6% |
| Net margin | 53.8% | 59.3% | 57.5% | 58.2% | 57.7% | 58.1% |
| Revenue growth | +26.3% | +41.7% | -22.1% | -13.2% | +1.8% | — |
| Cash + short-term investments | $31.3M | $17.2M | $22.2M | $21.7M | $19.8M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/E 18.5x · P/S 10.8x · P/FCF 17.8x · P/B 5.7x · FCF yield 5.63% · Earnings yield 5.39% · Dividend yield (paid, TTM) 5.84%
P/E at fiscal year-ends: Mar 2026 20.9x, Mar 2025 20.5x, Mar 2024 25.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NVEC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.01% | $627K | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | Baker Daniel A | Director | 21,140 | $2.1M | 54.1% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-25…2026-08-27 | Baker Daniel A | Director | 5,731 | $623K | 12.8% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-17 | Baker Daniel A | Director | 1,500 | $182K | 3.2% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-07-27…2026-07-29 | Baker Daniel A | President & CEO | 20,000 | $2.3M | 30.2% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -0.4% | +31.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.4% | +5.7% |
| Volatility (annualized) | 79.3% | 45.1% |
| Max drawdown | -48.6% (Jul 2026→Oct 2026) | -45.7% (Aug 2026→Oct 2026) |

## Peers (Semiconductors)
NVTS (Navitas Semiconductor Corporati) USD 8.38 -1.30% · POWI (Power Integrations, Inc.) USD 46.65 -1.00% · DIOD (Diodes Incorporated) USD 81.07 -0.70% · VSH (Vishay Intertechnology, Inc.) USD 27.09 +0.22% · SYNA (Synaptics Incorporated) USD 117.28 +0.20% · PI (Impinj, Inc.) USD 160.5 -1.36%

## More
Full page: https://nexqual.com/NVEC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product | $5.6M | 95.6% | -9.2% |
| Service | $259,420 | 4.4% | +24.6% |
| Total revenue | $5.8M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2018-03-31) | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2018-03-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |