Tag - NVEC

Cornerstone Therapeutics Inc. (Nasdaq:CRTX), ChinaEdu Corp (Nasdaq:CEDU) and ChinaCast Education Corp. (Nasdaq:CAST) are among the new 52-week highs in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: NVE Corp. (Nasdaq:NVEC), Atrion Corp. (Nasdaq:ATRI), Acacia Research-Acacia Technologies (Nasdaq:ACTG), Wilber Corp. (Nasdaq:GIW), Cray Inc. (Nasdaq:CRAY) and Alliance Financial Corp. (Nasdaq:ALNC).

Palm Inc. (Nasdaq:PALM), Rambus Inc. (Nasdaq:RMBS) and PDL BioPharma Inc. (Nasdaq:PDLI) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Almost Family Inc. (Nasdaq:AFAM), Central European Distribution Corp. (Nasdaq:CEDC), Arris Group Inc. (Nasdaq:ARRS), Energy Conversion Devices Inc. (Nasdaq:ENER), NVE Corp. (Nasdaq:NVEC) and Bucyrus International Inc. (Nasdaq:BUCY).

Interwoven Inc. (Nasdaq:IWOV), ICT Group Inc. (Nasdaq:ICTG) and NVE Corp. (Nasdaq:NVEC) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sun Healthcare Group Inc. (Nasdaq:SUNH), Psychiatric Solutions Inc. (Nasdaq:PSYS), Palm Inc. (Nasdaq:PALM), American Physicians Service Group Inc. (Nasdaq:AMPH), Woodward Governor Co. (Nasdaq:WGOV) and Rambus Inc. (Nasdaq:RMBS).

Interwoven Inc. (Nasdaq:IWOV), NVE Corp. (Nasdaq:NVEC) and Midsouth Bancorp Inc. (Nasdaq:MSL) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Isramco Inc. (Nasdaq:ISRL), First Citizens Bancorp  (Nasdaq:FCZA), Columbus McKinnon Corp. (Nasdaq:CMCO), NewMarket Corp. (Nasdaq:NEU), Prudential Bancorp Inc. of Pennsylvania (Nasdaq:PBIP) and Delta Natural Gas Co Inc. (Nasdaq:DGAS).

Small-cap stocks pushed lower, pulled down by soft economic data, mixed earnings news and a modest rise in crude oil prices. At 10:04 a.m. ET, the Russell 2000 (NYSE:IWM) was down 4.87, or 0.68%, at 714.32.

Tech stocks were strong relative to other index products, underpinned by strong earnings from Amazon.com (Nasdaq:AMZN), which rallied 9% early today after topping the Street’s forecast.

The stout results from AMZN were not a recurring theme this morning, however, with earnings from Dow Chemical (NYSE:DOW) and Ford Motor Co. (NYSE:F) both missing the forecast. DOW was off 0.4% and F down 3.2% on the opening.

Existing home sales for June fell 2.6% to an annual rate of 4.86 million units, which was below the forecast of 4.93 million. It marked the lowest level in 10 years and was down 15% from last year. In addition, the inventory of homes available for sale rose to 11.1 months, up from 10.8 months in the May report. The national median home price also tumbled 6.1% from last year.

Ahead of the open, data on weekly claims came in much higher than expected, painting a somber picture on the employment front. The headline figure for weekly claims was at 406,000, far above the forecast of 380,000. Continuous claims dipped slightly, but the 4-week moving average rose. The immediate response to the jobs data was a brief erosion in the U.S. dollar, a rise in Treasury markets and an extension of the dip in overnight stock derivatives. However, there was some thought that the weekly claims report was at risk for an upside surprise amid layoffs in autos, airlines and banks.

Crude oil prices were higher heading into the stock market open, climbing back above $125 dollars a barrel in a mild bounce after a steep $4 drop Wednesday that put an exclamation point on a recent $23 collapse. It’s interesting to see that open interest in crude oil futures is near 18-month lows, which suggests that . . .

NVE Corporation (Nasdaq:NVEC) is off 18% in today’s pre-market trading after its first-quarter earnings missed analyst estimates. NVE reported after the close on Wednesday its earnings for the quarter ended June 30. Net income was $1.9 million, or $0.40 per share, compared with $1.59 million, or $0.33 per share, for the same quarter a year earlier. Revenues were $4.86 million versus $4.71 million in the period a year ago. Wall Street was expecting earnings per share of $0.42 on revenues of $5.63 million.

The spintronics device manufacturer said product sales pushed revenues up for the quarter. Ahead of the opening, shares of Eden Prairie, Minn.-based NVE are at $28.33, down $6.24 from Wednesday’s close.

Riddle me this, Batman: what do you get when you cross the density of DRAM with the speed of SRAM and non-volatility of FLASH?

If you don’t know, that’s OK — the answer is a digital memory storage technology that’s still largely in the development stage. It’s called “magnetoresistive random access memory,” or “MRAM,” and those following its evolution say it has the potential to revolutionize electronics as a smaller, faster, more energy efficient and durable way of storing and sending your data, iTunes songs or even digitized Batman reruns — if that’s your thing.

This nanotechnology relies on electron spin rather than charge to acquire, store and transmit information. Albert Fert, the co-recipient of the Nobel Prize for Physics in 2007, recently predicted that MRAM and its offshoots are good candidates to be the “universal” memory of the future. This kind of Holy Grail talk has helped feed market hunger for MRAM’s promise, but there are still plenty of developments, testing and marketing hurdles yet to cross - not to mention the pesky little issue of cost competitiveness.

Companies leading the charge include Cypress Semiconductor Corporation (NYSE: CY), Freescale Semiconductor (NYSE: FSL) — the Motorola Inc. (NYSE: MOT) spinoff, which was the first company to bring the memory to market, IBM Corp. (NYSE: IBM) and last but certainly not least, Eden Prairie, Minn.-based NVE Corp. (Nasdaq: NVEC).

“Spintronics,” as the highly durable applications of this technology are called, is something that has attracted several big chunks of Department of Defense R&D change for NVE. The company has built itself around researching and marketing new uses of the technology for harsh battlefield conditions in addition to medical and industrial applications where absolute reliability is required.

NVE Corp. (Nasdaq: NVEC) reported robust third-quarter results after Wednesday’s close driven by increases in product sales and operating margins.

For the three months ended Dec. 31, 2007, the nanotechnology company recorded net income of $1.70 million, or $0.36 per share, a 62% increase over net income of $1.05 million, or $0.22 per share, for the third quarter of fiscal 2007.

Total revenue for the quarter increased 23% to $4.77 from $3.86 million in the 2007 quarter. Product sales increased 25% over the 2007 quarter to $4.25 million from $3.40 million.

“The company would cite that they had a bigger shift in business to sales of products versus contract R&D, but I don’t think that’s the whole story,” David Bayer, head of research at Northland Securities said. “Realistically, one of their key OEM customers that is a medical device company went through an inventory adjustment process and that process is largely done now. That business, which is higher margin, has now picked up for them and will be an important driver going forward.”

Bayer raised his rating on the stock to “outperform” from “market perform” today largely as a result of the company’s OEM customer.

Peaking into the fourth quarter, Bayer says an almost 10% increase in inventories on the balance sheet suggests that the company is building up to meet product demand it foresees in the coming quarter.

“They opened up two new distributors and I think there will be some channel growth,” Bayer said.

Here are the current biggest percentage gainers and losers, along with top volume leaders, among companies with a market cap between $100 million and $750 million:


• NVE Corp. (NVEC), up 30% on news of a rise in third-quarter profit and an analyst upgrade.
• World Acceptance Corp. (WRLD), up 24% on news of an increase in third-quarter net income.
• VanceInfo Technologies Inc. (VIT), up 22%.


• Mercury Computer Systems, Inc. (MRCY), down 31% on news of a disappointing fiscal third-quarter earnings outlook.
• Flotek Industries, Inc. (FTK), down 29% on news it has lowered its earnings guidance for 2007.
• Shenandoah Telecommunications Co. (SHEN), down 18%.

NVE is a pioneer in the development of sub-atomic RAM based on spintronics or “spin-based electronics,” a nanotechnology that uses the “spin” states of electrons at the quantum level to store and transmit data.

NVE is a pioneer in the development of sub-atomic RAM based on spintronics or “spin-based electronics,” a nanotechnology that uses the “spin” states of electrons at the quantum level to store and transmit data.

Schmitt Industries, Inc. (Nasdaq: SMIT), DRAXIS Health Inc. (Nasdaq: DRAX) and NVE Corp. (Nasdaq: NVEC) are the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

Avici Systems Inc. (Nasdaq: AVCI), Synalloy Corp. (Nasdaq: SYNL) and Local.com Corp. (Nasdaq: LOCM) were among the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million:

Despite reporting first-quarter results that topped estimates, shares of NVE Corp. (Nasdaq: NVEC) slid in after-hours trading Wednesday.

For the first quarter of fiscal 2008 ended June 30, the nanotechnology company recorded net income of $1.59 million, or $0.33 per diluted share, compared with $0.9 million, or $0.19 per share for the first quarter last year.

An analyst surveyed by Thomson Financial expected earnings of $0.30 per share for the first fiscal quarter of 2008.

NVE booked total revenue of $4.71 million for the first quarter compared with $3.64 million in the prior-year quarter. The Eden Prairie, Minn.-based company said product sales for the quarter increased 40% over the prior-year quarter to $4.27 million from $3.05 million. 

Shares of NVE traded down 5.99%, or $2.38, to $37.35 in after-hours trading Wednesday.

JP Morgan initiated coverage on Smith Micro Software, Inc. (Nasdaq: SMSI) with an “overweight” rating.

The Upper Deck Co. said after Monday’s closing bell it is launching a hostile tender offer to acquire baseball trading card maker The Topps Company, Inc. (Nasdaq: TOPP) for $425 million.

The following are the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million:

These are the biggest percentage gainers among companies with market capitalizations under $500 million:

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million:

NVE Corp.’s (Nasdaq: NVEC) stock jumped in after-hours trading after the Eden Prairie, Minn.-based nanotechnology company beat analysts’ earnings and revenue estimates for its fiscal fourth quarter and year ended March 31.

NVE earned $1.56 million, or $0.33 per diluted share, on revenue of $4.6 million. Two analysts polled by Thomson First Call had estimated earnings per share of $0.27 on revenue of $4.38 million for the quarter.

For fiscal 2007, NVE reported net income of $4.8 million, or $1.00 per share, on revenue of $16.5 million. Analysts were expecting earnings per share of $0.95 on revenue of $16.3 million.

By 7:13 pm ET, shares were up by $4.37, or 14.8%, to $34.00. The company’s stock had closed up $1.80, or 6.5%, at $29.63. It has traded between $12.36 (on June 13, 2006) and $46.35 (on Nov. 22, 2006) in the past year.

Shares of NVE Corp. (Nasdaq: NVEC) jumped $3.79, or 12.8%, to $33.42 in after-hours trading after the Eden Prairie, Minn.-based nanotechnology company beat analysts’ earnings and revenue estimates for its fiscal fourth quarter and year ended March 31. NVE earned $1.56 million, or $0.33 per diluted share, on revenue of $4.6 million in the quarter. Two analysts polled by Thomson First Call had estimated earnings per share of $0.27 on revenue of $4.38 million. For fiscal 2007, NVE reported net income of $4.8 million, or $1.00 per share, on revenue of $16.5 million. Analysts were expecting earnings per share of $0.95 on revenue of $16.3 million. In the regular trading session the company’s stock closed up $1.80, or 6.5%, at $29.63.

Broomfield, Colo.-based Sirenza Microdevices Inc.’s (Nasdaq: SMDI) stock climbed by $1.04, or 11.4%, to $10.20 late today after the firm beat analysts’ estimates for the first quarter ended March 31. Sirenza, a supplier of radio frequency components, posted quarterly pro forma net income for the first quarter of $6.2 million, or $0.12 per diluted share, on revenue of $39.1 million. Seven analysts polled by Thomson First Call had estimated earnings per share of $0.10 on revenue of $37 million. The stock had closed up $0.35, or 4%, at $9.16.