NVE Shares Surge to 52-week High as 1Q Profit, Rev Nearly Double

Dow Jones07-23 22:44
 

Shares of NVE jumped to a 52-week high after the company reported first-quarter revenue rose 81% and net income increased 79% from last year.

Shares were recently up 43% at $124.04 in late Thursday morning trading. Earlier in the session, shares hit $128.81, a 52-week high.

First-quarter net income rose to $6.39 million, or $1.32 a share, from $3.58 million, or 74 cents a share, in the prior-year period.

Revenue was $11 million, up from $6.1 million a year earlier.

"We're pleased to report exceptional growth in revenue and earnings driven by new product sales and a strong semiconductor market," said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D.

NVE also declared a quarterly cash dividend of $1 a share, payable August 31 to shareholders of record August 3.

 

Write to Doc Louallen at Doc.Louallen@wsj.com

 

(END) Dow Jones Newswires

July 23, 2026 10:44 ET (14:44 GMT)

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