NVE CORP (NVEC)
Information Technology · Spintronic sensors and magnetic devices · NASDAQ
NVE manufactures spintronic magnetic sensors and couplers for industrial automation and medical devices, with long-term potential in MRAM memory storage technology.
What NVE CORP does
NVE Corporation develops and manufactures spintronic devices—products that use electron spin rather than electron charge to acquire, store, and transmit information. The company produces high-performance magnetic sensors used in position/speed detection, spintronic couplers for industrial automation and factory communications, and is developing MRAM (magnetoresistive random-access memory) technology. NVE's spintronic elements are based on giant magnetoresistance (GMR) or tunneling magnetoresistance (TMR) structures, integrated with conventional circuitry and packaged as semiconductor devices.
Themes: ["Spintronics / spintronic nanotechnology","Magnetic sensors","Industrial IoT (IIoT)","Factory automation","Medical devices","Memory storage (MRAM)","Digital isolators / couplers"]
Fundamentals
- Price$92.62 as of 2026-07-09 close
- Market cap$448M as of 2026-07-10
- 1-year return+21.8% as of 2026-07-09 close
- P/E29.46 as of 2026-07-10
- Net margin+57.7% as of 2026-07-10
- Gross margin+78.7% as of 2026-07-10
- ROE+25.6% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+1.8% as of 2026-07-10
- Revenue CAGR (3y)-11.7% SEC XBRL
- Beta1.36 as of 2026-07-10
Dividend: yield +4.4%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on specialized spintronics technology with limited competitor base; potential disruption from alternative sensor/coupler technologies or memory approaches","Concentration in Industrial IoT and factory automation markets; economic downturns or automation spending slowdowns could reduce sensor/coupler demand","Long commercialization timeline and regulatory hurdles for MRAM in military and industrial mission-critical applications could delay near-term revenue contribution"]
Competitors & peers
- Allegro Microsystems (ALGM) — magnetic sensor and integrated circuit manufacturer
- Infineon Technologies — semiconductor and sensor solutions
- STMicroelectronics — semiconductors and sensors
- Texas Instruments — analog and embedded processing semiconductors
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.