Company Description
NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information, both in the United States and internationally.
The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data.
Its products include standard sensors designed to detect the presence of magnetic or metallic materials, which help determine position, rotation, or speed in the factory automation market.
In addition, the company offers custom and medical sensors for medical devices, intended to replace electromechanical magnetic switches.
Further, the company provides spintronic couplers for power conversion and industrial Internet of Things (IIoT) markets, as well as DC-to-DC converters for use in power conversion systems and industrial networks for the IIoT and MRAM products.
Additionally, it undertakes contracts for research and development and licenses spintronic magnetoresistive random access memory technology.
The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
| Country | United States |
| Founded | 1989 |
| IPO Date | Sep 26, 1996 |
| Industry | Semiconductors |
| Sector | Technology |
| Employees | 42 |
| CEO | Daniel Baker |
Contact Details
Address: 11409 Valley View Road Eden Prairie, Minnesota 55344-3617 United States | |
| Phone | 952 829 9217 |
| Website | nve.com |
Stock Details
| Ticker Symbol | NVEC |
| Exchange | NASDAQ |
| Stock Type | Common Stock |
| Fiscal Year | April - March |
| Reporting Currency | USD |
| CIK Code | 0000724910 |
| CUSIP Number | 629445206 |
| ISIN Number | US6294452064 |
| Employer ID | 41-1424202 |
| SIC Code | 3674 |
Key Executives
| Name | Position |
|---|---|
| Dr. Daniel A. Baker Ph.D. | Chief Executive Officer, President and Director |
| Daniel Nelson | Accounting Manager and Principal Financial Officer and Controller |
| Dr. Peter G. Eames Ph.D. | Vice President of Advanced Technology |
| John K. Myers | Vice President of New Business Development |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Jul 29, 2025 | SCHEDULE 13G/A | Filing |
| Jul 23, 2025 | 10-Q | Quarterly Report |
| Jul 23, 2025 | 8-K | Current Report |
| Jun 23, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 23, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 23, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 23, 2025 | DEF 14A | Other definitive proxy statements |
| May 19, 2025 | SD | Form - SD |
| May 7, 2025 | 10-K | Annual Report |
| May 7, 2025 | 8-K | Current Report |