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NVE

NVEC on Nasdaq. NVE Corp /new/ sells magnetic sensors and couplers to makers of electronic systems. Market value $552m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to March 2026.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Technology stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to March 2026
2.6%low

For every $100 of what the whole company costs, it produced $2.57 of spare cash last year. A savings account pays about $4.

Price to profit
past 12 months to June 2026
28.9×full

You pay 28.9 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to March 2026
23.8%five-year median

Each dollar kept in the business earns 24 cents a year. Above 10 is good.

Quality score: 97 of 100. Price score: 34 of 100. Our list needs 70 on quality and 60 on price.

$116.53 a share, 104% above its 1-year low

Over the past year the price has ranged from $57.21 to $135.00.

Dividend: 3.4% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.0
0.0
0.0
0.0
0.0
20222023202420252026
Revenue
$27m$38m$30m$26m$26m
Operating margin
60.5%67.0%62.1%61.8%60.5%
Debt to equity
0.000.000.000.000.00
Shares outstanding
0.00bn0.00bn0.00bn0.00bn0.00bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.00× equity
  • Revenue growth, five yearsSlow, 4.3% a year
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $11 million last quarter, up 81% on a year ago.
  • Profit: $6 million, up 79% on a year ago.
  • It keeps 62 cents of each $1 of sales as operating profit, up from 61 cents a year earlier.
  • About the same number of shares as a year ago.
  • It has $3 million more cash than debt, about the same as a year ago.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$7m
December 2024$5m
March 2025$7m
June 2025$6m
September 2025$6m
December 2025$6m
March 2026$8m
June 2026$11m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$4m
December 2024$3m
March 2025$4m
June 2025$4m
September 2025$3m
December 2025$3m
March 2026$5m
June 2026$6m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
6 May 2026
Next quarterly (estimated, 10-Q)
21 October 2026

Who owns it

3 long-term investors we follow own it, up from 2 last quarter. 134 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 1 sold $5m.

  • BAKER DANIEL A
    Director
    Sold
    Date
    8 September 2026
    Shares
    21,140
    Price
    $101.49
    Value
    $2m
  • BAKER DANIEL A
    Director
    Sold
    Date
    27 August 2026
    Shares
    4,000
    Price
    $109.50
    Value
    $438,000
  • BAKER DANIEL A
    Director
    Sold
    Date
    25 August 2026
    Shares
    1,731
    Price
    $107.00
    Value
    $185,217
  • BAKER DANIEL A
    Director
    Sold
    Date
    17 August 2026
    Shares
    1,500
    Price
    $121.50
    Value
    $182,250
  • BAKER DANIEL A
    President & CEO, Director
    Sold
    Date
    29 July 2026
    Shares
    15,222
    Price
    $114.08
    Value
    $2m
  • BAKER DANIEL A
    President & CEO, Director
    Sold
    Date
    28 July 2026
    Shares
    3,260
    Price
    $117.57
    Value
    $383,278
  • BAKER DANIEL A
    President & CEO, Director
    Sold
    Date
    27 July 2026
    Shares
    1,518
    Price
    $117.56
    Value
    $178,456
  • BAKER DANIEL A
    President & CEO, Director
    Sold
    Date
    29 January 2026
    Shares
    103
    Price
    $72.25
    Value
    $7,442
  • BAKER DANIEL A
    President & CEO, Director
    Sold
    Date
    27 January 2026
    Shares
    1,155
    Price
    $74.04
    Value
    $85,516

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

We couldn’t fully check NVE’s latest annual report.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We couldn't fully read the 10-K filed 6 May 2026, so we can't say there are no warning signs.

  • One big customer

    Worth knowing

    One customer brings in a big share of sales: 37% last year. Losing that customer would hurt.

    “Customer A | 37% | 35% | 27% | 26%”

    From the 10-K filed 6 May 2026, Item 15. Exhibits and Financial Statements (table). Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 28.9× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.