Company Description
NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information in the United States.
The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data.
Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.
The company also offers spintronic couplers for power conversion, industrial Internet of Things (IIoT), and the Artificial Intelligence of Things (AIoT) markets; DC-to-DC converters for use in energy conversion systems and industrial networks for IIoT and AIoT.
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 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 | 629445100 |
| 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 |
|---|---|---|
| Jun 22, 2026 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 22, 2026 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 22, 2026 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jun 22, 2026 | 8-K | Current Report |
| Jun 22, 2026 | DEF 14A | Other definitive proxy statements |
| May 18, 2026 | SD | Form - SD |
| May 6, 2026 | 10-K | Annual Report |
| May 6, 2026 | 8-K | Current Report |
| Apr 30, 2026 | SCHEDULE 13G | Filing |
| Apr 27, 2026 | SCHEDULE 13G/A | Filing |