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NVE Corporation (NVEC)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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71.02-1.14 (-1.58%)
At close: 1:00PM EST
71.02 0.00 (0.00%)
After hours: 01:01PM EST
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  • k
    kastenz
    Very encouraging discussions with Jeff Bernstein on isolators, including Dan's comment; "we don't have to have webinars on how to mitigate that noise because we don't have the noise.' 'And the regulatory environment on those sorts of radio frequency noise is becoming stricter as we get more and more devices in the Internet of Things.' And is it correct to assume that this is a bigger problem in the high-speed kinds of applications that come with some of the compound semiconductors like silicon carbide? "Yes", Dan answered. More discussion on the drone market and the advantage of lighter, more efficient components. "We have the smallest devices of their type in the industry." said Dan. "Of course, lower power translates into smaller batteries. And our devices particularly, our tunneling magneto-resistive devices, are especially efficient for power. I am impressed NVE has products with these advantages in high growth sectors.
  • k
    kastenz
    This is an excerpt from the most recent (Q1 2022) transcript, published by Motley Fool:
    "Our advanced technology team also worked on spintronic memory or MRAM under a customer-sponsored R&D contract for custom parts. MRAM is one of our core technologies. We manufacture MRAMs for specialized applications such as anti-tamper, and these programs allow us to build our technology capabilities" It is still not clear if the company MRAM is a customer or not.
  • k
    kastenz
    MRAM and NVEC seem to have the same 'magneto-resistive' quantum (spin, not charge) technology. I recall somebody mentioned a connection between MRAM and NVEC.....is there a business connection?
  • k
    kastenz
    QCOM reported a lower result in their latest ER, compared to the same quarter one year ago. NVECs net GAAP profit INCREASED from $0.46 to $0.75; an increase of 63%. That could be why no ex-dividend sell-off.
  • g
    gayle siebern
    Daniel Baker

    Yes, it's -- that's a great question. It's hard to come up with specific metrics that we could consider reliable. Design wins can vary. A design win could be a few parts, or it could be hundreds of thousands of parts. But we spend a fair amount of time now working with customers who are frustrated by the shortages by some conventional semiconductor manufacturers. We look at how we can drop in and replace their parts, whether we can redesign boards and improve their performance. And those inquiries are much more frequent now than they were. And we -- I can tell you personally, sometimes early in the morning, we'll get emails from Europe and from Asia, from customers who see our parts and want to know exactly how they work, how they'll work under certain circumstances. And we spend a fair amount of time answering those questions and many of those results in design wins, especially in couplers and isolators where we have as you know, we have some drop in replacement parts for conventional semiconductors, where we have the same package types, the same pin outs. So in many cases, it's drop in replacements. In some cases, it's a different part, usually a better part, of course, and we work with customer to figure out how we can serve their needs and get all parts into their application.
  • g
    gayle siebern
    FDA wants to move hearing aids over the counter
    If you suffer from hearing loss, as some 37 million Americans do, your route to better hearing now goes through a physician or an audiologist who tests you before you can spend about $5,000 on a pair of hearing aids. That may explain why 4 in 5 people who need hearing aids don’t have them. Yesterday, the FDA proposed a new category of over-the-counter hearing aids without a test, prescription, or fitting. The thinking behind the long-awaited rule: Increased competition will lower costs and other barriers to acquiring basic hearing aids, which are not typically covered by Medicare or other insurers. Sen. Elizabeth Warren (D-Mass.) told STAT's Nicholas Florko in an interview that she’s “celebrating” the new regulations, but that they were long overdue.
  • k
    kastenz
    Growth!!

    Q3 2021 revenue 6823k, +64%
    Q3 2020 revenue 4159k
    Q3 2021 $0,75, +56%
    Q3 2020 $0.48
    Six month operating cash flow $6,458,196, 2021, +19%
    Six month operating cash flow 5,540,971, 2020
  • g
    gayle siebern
    Daniel Baker

    Yes, absolutely. This is Dan. So we have been adding people with the increase in sales and with some of the challenges that we face now in logistics that we didn't have a couple of years ago. We've added a number of very talented people. We are recruiting for an engineer, as you noticed and our engineers typically do quite a bit of sales support. They know the products and we want to get them in front of customers and talking to customers. So the short answer to your question is yes, a lot of the compensation was incentive based compensation. We've had a lot of challenges. And our folks had risen to the challenge as evidenced by the increase in product sales and revenue overall. And we've also been adding staff and we've got a great reserve of talent and some very talented technical staff and some of them have joined the company relatively recently.
  • k
    kastenz
    Better action today, Oct-11, 2021 than the last few days. Today, run-up during the first hour is holding on low volume. (as of 13:30E) Often a sign of higher share prices. ER and dividend ahead only two weeks or so. Just thinking out loud.
  • k
    kastenz
    Last August "Simply Wall Street" article on ROCE: "So, NVE has an ROCE of 20%. That's a fantastic return and not only that, it outpaces the average of 13% earned by companies in a similar industry."
  • k
    kastenz
    ER tonight. Would like to hear about contracts for their PUFs, after all - isn't cybersecurity in need of more 'security'. Who knows maybe the company's gear will be contracted for use in some type of quantum machine. OK, maybe not. But I think expecting some material news on the EV front is realistic. Maybe 20% guidance in revenue? It's about time.
  • N
    NvrBetr
    Lotts: agree with your takeover thesis, I've thought the same for about ten years. Had 5000 shares at one point, now own 1100 and take my div. in cash each quarter. I am disappointed over the years with NVEC's performance, they have seemed to always be on the brink of something Big. Oh well...love the cash!
  • L
    Lutts
    My feeling is that at some point, this company will become an attractive acquisition candidate. I’m thinking $1 billion down the road. They may need a bigger company with more resources to help them accelerate growth. Just my opinion.
  • k
    kastenz
    Blockchain can use software for security, that is what Datchat claims. NVE has Physical Unclonable Functions, a natural aspect of their quantum technology. They've completed an SBIR with this. I expected to see more interest in that since the federal government had included cybersecurity in the Infrastructure bill. As of Aug-12: "The bipartisan Infrastructure Investment and Jobs Act (INVEST) passed the Senate Tuesday, allocating about $2 billion to cybersecurity, according to a White House fact sheet. The bill will now go to the House of Representatives" and "Of that $2 billion, $1 billion is designated for State, Local, Tribal and Territorial (SLTT) Cyber Grant Program within the Cybersecurity and Infrastructure Security Agency (CISA) over four years"

    https://www.cybersecuritydive.com/news/senate-infrastructure-bill-cyber-cisa-security-funding/604886/
  • M
    Mike T
    Did nvec reverse split their stock? I know this company maybe 20 years ago. Bought and sold long ago but just found this company still alive. Very interesting but looking at the revenue still kind of low but it is profitable.
  • k
    kastenz
    Trouble for this stock really happened after Blackrock took a long position. Ex-dividend doesn't help, and the MRAM headline neither. They can pay the dividend for 4 quarters with cash on hand and other short term assets. Something will give on the new product front, smart sensors and other for Industrial IoT, automotive, medical or space.
    Bullish
  • M
    Mike T
    Did Nvec made everybody rich? 25 years ago I invested. Sold and lost money and never look at this company. Very surprised Nvec is still alive and actually making profits.
  • k
    kastenz
    If POTUS' talk on Quantum Computing doesn't spur buying, hopefully the infrastructure legislation will. Last resort the run up to the ex-div date late October.
  • t
    theoz_97
    Anyone out there watching this stock go higher? Maybe that split is coming or buyout?
  • M
    Matt
    Man this is a lonesome board. Love this stock. Bought couple years ago for dividend and been pleasantly surprised with growth. Being the industry leader in a new tech, especially for food safety, this thing could explode. Obviously investors are starting to take notice. If management downplayed upcoming opportunities as has been suggested, the next couple earnings reports could be big.
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