Investor FAQs
• How
did NVE get its name?
• What is “nano”
about NVE’s nanotechnology?
• Where is NVE’s
stock traded and what is the ticker symbol?
• Does NVE pay dividends?
• What is
NVE’s dividend schedule?
• What is NVE’s
dividend rate?
• How can I get
notifications of NVE news and SEC filings?
• Is NVE on social media?
• How can I
download and view NVE annual reports?
• When was NVE’s IPO
and at what price?
• Does NVE have a direct
stock purchase plan?
• How do I purchase
stock in NVE?
• What is NVE’s
CUSIP?
• What is NVE’s ISIN?
• What is NVE’s WKN?
• Whom do I
contact with questions about NVE stock certificates?
• How many shares of NVE
stock are outstanding?
• When were NVE stock
splits?
• What is
the company’s financial calendar?
• When does
NVE report its earnings?
• Does NVE
have regular conference calls?
• How can I hear
past conference calls?
• Does NVE
have in-person shareholder meetings?
• When are
NVE’s annual shareholder meetings?
• What were
NVE’s annual meeting themes?
• How can I
find NVE’s Annual Meeting voting results without attending the meeting?
• Who are NVE’s
auditors?
• Is NVE included
in any stock indexes?
How did NVE get its name?
The company was founded as Nonvolatile Electronics, Inc. in 1989. “Nonvolatile” refers to memories that retain data even when power is removed. The name was later formally changed to NVE Corporation. The company’s Corporate Identity page has more fun facts about its name and logo.
What is “nano” about
NVE’s nanotechnology?
Nanotechnology is often defined as technology where dimensions of a few nanometers
(billionths of a meter) play a critical role. NVE designs use one of two nano-scale
spintronic structures: giant
magnetoresistors (GMR) and
spin-dependent tunnel (SDT) junctions. In GMR devices, the resistance changes
due to conduction electrons scattering at interfaces within the devices. The GMR
effect is only significant if the layer thicknesses are less than the mean free
path of conduction electrons, which is on the order of five nanometers. In awarding
the 2007 Nobel Prize in Physics for GMR, the Nobel Committee said, “GMR can
be considered one of the first real applications of the promising field of nanotechnology.”
Where is NVE’s stock traded and
what is the ticker symbol?
NVE’s common stock is traded on the NASDAQ Stock Market under the symbol
NVEC. The stock is also quoted on the Deutsche Börse (Frankfurt Stock Exchange)
under the symbol NVK.
Does NVE pay dividends?
NVE declared its first quarterly dividend of $2.06 per share in January 2015 and
has issued $1.00 per share quarterly dividends each quarter since. Future dividends
are subject to Board approval based on the company’s results of operations,
cash and marketable security balances, the timing of securities maturations, estimates
of future cash requirements, fixed asset requirements, and other factors the Board
may deem relevant.
What is the dividend
schedule?
The company plans to announce dividends in its quarterly earnings reports. Dividend
payments, if any, are planned for the end of the second month of quarters (February
28, May 31, August 31, and November 30). When payment dates fall on weekends,
the payments have been made the preceding Friday. This schedule is subject to
change without notice, and dividends may be discontinued at any time.
What is NVE’s dividend
rate?
Quarterly dividends have been $1.00 per share since 2015. The company has said
dividends are subject to its results of operations, cash and marketable security
balances, the timing of securities maturations, estimates of future cash requirements,
fixed asset requirements, and other factors.
I can’t get enough
NVE news. How can I get notifications of NVE news and SEC filings?
Interested parties can sign up for e-mail
alerts for SEC filings, earnings reports, press releases, and information
bulletins. SEC filing alerts have included periodic reports and reports of material
contracts. You can also follow NVE on Twitter, and
the company provides a link to RSS
feeds from the SEC.
Is NVE on social media?
#yes, ICYMI; TFTF:
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I’m dying to read
NVE’s annual reports. How can I download and view them?
No promblemo. NVE has a Webpage
with links to download or view its annual reports.
When was NVE’s IPO and at what price?
NVE did not have an initial public offering but qualified for a NASDAQ direct listing in January 2003 with its organic
financial strength. The initial NASDAQ stock price was a heck of a bargain at
$7.85 per share.
Does NVE have a direct stock purchase
plan?
’fraid not. The company does not have a direct stock purchase plan.
How do I purchase stock
in NVE?
Through any registered broker.
What is NVE’s CUSIP number?
NVE’s Common Stock CUSIP number is 629-445-20-6. Before a reverse split in
November 2002, the Common Stock CUSIP was 629-445-10-7.
What is NVE’s International
Securities Identification Number (ISIN)?
NVE’s Common Stock ISIN number is US6294452064.
What is NVE’s Wertpapierkennnummer
(WKN)?
Wertpap-what? NVE’s Common Stock WKN
(German securities identification code) is 766101.
Whom do I contact with
questions about NVE or Nonvolatile Electronics, Inc. stock certificates?
Inquiries about stock certificates, including the transfer or conversion of shares,
split adjustments, change of address, or lost certificates should be directed
to the company’s transfer agent (they pride themselves on answering the phone
live and they’re good at what they do, but be prepared for some serious New
York accents):
Continental
Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, NY 10004-1561
(212) 509-4000 [8:30 AM to 5:30 PM ET Monday through
Friday]
How many shares of NVE stock are outstanding?
Shares outstanding are reported in the company’s quarterly
reports, annual reports, and proxy statements.
When were NVE stock splits?
There were one-for-five reverse stock splits of NVE’s Common Stock effective
November 21, 2000, and November 21, 2002.
What is the company’s
financial calendar?
NVE’s fiscal year ends March 31. Fiscal quarters end June 30, September 30,
and December 31.
When does NVE report
its earnings so I can plan my life?
Quarterly earnings have typically been reported after the close of the NASDAQ
Regular Market on the third or fourth Wednesday of the quarter. Fiscal year-end
earnings reports have been the first Wednesday in May. The company generally announces
the date of the earnings report, when determined, in a press release or advisory
release.
Does NVE have regular
conference calls?
You betcha. NVE has held quarterly results conference calls each quarter since
becoming NASDAQ listed in 2003. Recent practice has been to schedule calls for
4:00 p.m. Central Time on the same days as earnings reports. When determined,
conference call dates and times have been announced in advisory releases and posted
to the Investor Events page.
How can I hear past conference
calls?
Quarterly results conference call replays are available via the Internet. Links
are on the Investor Events page.
Does NVE have
in-person annual meetings?
For good governance, NVE has held Annual Shareholder Meetings in person, except
when it was unsafe during the COVID-19 pandemic. In-person meetings allow shareholders
to meet our management, directors, and auditors, and to ask questions. We typically
have product demonstrations and cake, and you can’t do that over the Internet.
When are NVE’s
annual shareholder meetings?
The dates of the Meetings have been posted to the Investor
Events page after they are finalized. Meetings have typically been in early
August. The company’s next meeting is scheduled for August 3, 2023,
at the newly-renovated Eden Prairie SpringHill Suites by Marriott.
What are NVE’s annual
meeting themes?
NVE has a tradition of choosing a theme for its Annual Meetings for geeky humor
along with serious business. The themes have been:
2023 — Automation and artificial intelligence
2022 — Returning to “normal”
2021 — The Tokyo Olympics
2020 — The Industrial Internet of Things
2019 — Smart sensors and NVE’s 30th anniversary
2018 — “Breaking 100” (the first
Meeting with NVE’s stock price over 100)
2017 — Food safety and cooking
2016 — The Rio Olympics and the Internet of
Things
2015 — The Internet and social media
2014 — The ’80s (NVE’s silver anniversary)
2013 — Cars (Driving to a Bright Future)
2012 — The London Olympics
2011 — The movies
2010 — Baseball
2009 — NVE’s 20th anniversary
How can I find NVE’s
Annual Meeting voting results?
The company files voting results with the SEC in Current Reports on Form
8-K within four business days after Annual Shareholder Meetings.
Who are NVE’s auditors?
Boulay
PLLP makes sure the debits are on the left and the credits on the right.
Is NVE included in any
stock indexes?
Darn tootin’. NVE’s stock is included in a number of indexes, some of
which are listed on the Stock Indices
page. NVE is included in the Russell
2000, S&P
Kensho Nanotechnology Index, WisdomTree
U.S. High Dividend Index, and several NASDAQ indexes including the selective
Benchmark Indexes.
Statements in this document that relate to future plans, events, financial
results, or performance are forward-looking statements that are subject to certain
risks and uncertainties including the risk factors listed from time to time in
our filings with the SEC.