NVE Corp Director Sells $2.1M in Stock, Cutting Stake by Over Half

NVE Corporation director Daniel A. Baker sold 21,140 shares of company stock on September 8. The transaction totaled approximately $2.15 million at an average price of $101.49 per share. These details were disclosed in a Securities and Exchange Commission filing on September 10.

The sale represents a 54.11% reduction in Baker’s direct position. He now retains 17,932 shares in the company.

The transaction follows a period of strong year-to-date performance for NVE Corp stock. Over the past year, company insiders have sold shares on five occasions with no recorded open-market purchases.