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NVE Corporation, known by the ticker symbol NVEC, is a small-cap semiconductor manufacturer, operating in the technology business sector. This is my first report on NVEC for this Viital portfolio or any of my previous six portfolios.

NVE Corp develops and sells devices that use spintronics, a nanotechnology that relies on electron spin.

It manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. 

The company's products include Digital sensors, Medical sensors, Rotation Sensors, GT Sensors, Angle Sensors, Analog sensors, MSOP Isolators, Passive-In Transceivers, and others. 

Geographically, the company generates a majority of its revenue from the United States.

In addition, it engages in the research and development, and licensing of spintronic magnetoresistive random access memory technology. 

NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

Three key data points gauge any dividend equity or fund such as NVE Corp:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

NVEC Price

NVE Corp's price per share was $51.10 as of yesterday's market close. One year ago its price was $70.99. Therefore, NVE's share price fell $19.89 or a little over 28% in the past year. 

If NVE's stock trades in the range of $45.00 to $65.00 this next year, its recent $51.10 share price might rise by $10.40 to reach $61.50 by April 7, 2023. My $10.40 upside estimate is $17.50 below the target price estimate the analyst covering NVE Corp for her brokerage firm. 

NVEC Dividends 

NVEC Corp's most recent quarterly dividend of $1.00 was paid February 28th to shareholders on record as of January 28rd.  Assuming the same  Annual rate holds true in the coming year, the annual dividend payout of $4.00 per share yields 7.83% at yesterday's $51.10 closing price. 

NVE has paid $1.00 quarterly payouts since May, 2015. That stretch marks 7 years next month. 

NVEC Returns

Adding the $4.00 NVE Corp  annual dividend to the estimated one-year price upside of $10.40 shows a $14.40 potential gross gain, per share, to be reduced by any costs to trade NVE shares.  

At yesterday's $51.10 price per share, a little over $1000 would buy 20 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.50 per share.

Subtract that maybe $0.50 brokerage cost from my estimated $14.40 gross gain estimate per share results in a net gain of $13.90 X 20 shares = $278.00 for a 27.8% net gain on a $1,022.00 investment.

So it is that NVE Corp (NVEC): shows a possible 27.8% net gain including a 7.83% forward looking dividend yield. 

Over the next year at this time our $1000 investment in NVE Corp might generate $78.30 in cash dividends alone. Note that a single share of NVEC stock bought at yesterday's price of $51.10 is $26.20 less than the anticipated dividend income from our $1000.00 invested. So, by my dogcatcher ideal, now may be the time to buy NVE Corp shares. The estimated next-year dividend from $1K invested is  $26.20 greater than yesterday's single share price. Consider yourself alerted. It's a sign! 

All of the estimates above are speculation based on the past history of NVE Corp (NVEC). Only time and money invested in this stock will determine its market value.