80.16
+5.50%
Close of 9 Nov 2026, in USD
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About NVE
From its filings with the US Securities and Exchange Commission
NVE is based in Eden Prairie, Minnesota and is incorporated in Minnesota. Its shares trade on Nasdaq under the ticker NVEC. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 31 March 2026, it reported revenue of $26.3m and net income of $15.2m. At that date it held total assets of $60.4m and shareholders' equity of $58.2m.
NVE Corporation, referred to as NVE, we, us, or our, develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. We manufacture high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.
NVE is a Minnesota corporation headquartered in a suburb of Minneapolis. We were founded in 1989 by James M. Daughton, Ph.D., a spintronics pioneer. Our common stock became publicly traded in 2000 through a reverse merger and became NASDAQ listed in 2003. Since our founding, we have been awarded more than $50 million in government research contracts. These contracts have helped us develop products and build our intellectual property portfolio. We have adopted a March 31 fiscal year, so fiscal years referenced in this report end March 31.
Much of the electronics industry is devoted to the acquisition, storage, and transmission of information. We have focused on three applications for our spintronic technology: magnetic sensors, couplers, and memories. Sensors acquire information, couplers transmit information, and memories store information. In that sense, our technology can provide the eyes, nerves, and brains of electronic systems.
Quoted from its 10-K, filed 6 May 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Listed since
- 26 Sept 1983
- Employees
- 40
- Website
- nve.com ↗
- Head office
- 11409 VALLEY VIEW ROAD, EDEN PRAIRIE, MN, 55344
- Incorporated in
- MN
- Classification
- Semiconductors & Related Devices
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Terrence GlarnerIndependent Chairman of the Board$33,735
- Dr. Daniel BakerPresident, Chief Executive Officer, Director, since 2001$586,515
- Mr. Daniel NelsonPrincipal Financial Officer, Controller$110,000
- Mr. Peter EamesVice President - Advanced Technology$301,709
- Dr. James BrackeIndependent Director$32,735
- Ms. Patricia HollisterIndependent Director$33,235
- Dr. Kelly WeiIndependent Director$32,735
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 29
- Environment
- 10
- Social
- 25
- Governance
- 52
- Women in the workforce
- 33%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- NVE Corp has several strengths that provide it with a competitive advantage in the market. Firstly, the company boasts a strong and experienced management team, capable of driving growth and making strategic decisions. Additionally, NVE Corp has a solid financial position with strong liquidity, enabling it to invest in research and development, and pursue new business opportunities. Furthermore, the company has a diversified product portfolio, catering to various industries and customers, reducing its overall reliance on any one market segment.
Weaknesses
- Despite its strengths, NVE Corp also faces certain weaknesses that could be potential areas for improvement. One weakness is its limited market presence compared to some of its larger competitors. This may hinder its ability to reach a broader customer base and penetrate new geographical markets. Another weakness is the risk of dependence on key suppliers for critical components, which could disrupt the supply chain and impact production capabilities. Addressing these weaknesses can help enhance NVE Corp's market position and competitiveness.
Opportunities
- NVE Corp operates in an industry with several growth opportunities. The increasing demand for advanced technologies, such as sensors and magnetic devices, presents a significant opportunity for the company to expand its market share. Moreover, the growing adoption of Internet of Things (IoT) devices across industries opens up new avenues for NVE Corp to provide solutions and tap into this emerging market. Additionally, strategic partnerships and collaborations with other companies can enable NVE Corp to leverage complementary expertise, access new markets, and enhance its product offerings.
Threats
- NVE Corp operates in a dynamic business environment with a few potential threats. One significant threat is intense competition from both established players and new entrants in the industry. This rivalry may lead to price pressures and reduced profit margins. Additionally, the company faces the risk of technological obsolescence, as advancements occur rapidly in the tech sector. Therefore, it is crucial for NVE Corp to continually innovate and invest in research and development to stay ahead of its competitors. Furthermore, changes in government regulations and trade policies may impact the company's operations and market access, posing a potential threat.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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