Company Description
NVE Corporation (NASDAQ: NVEC) is a Minnesota-based company in the semiconductor and related device manufacturing industry. According to company disclosures and investor communications, NVE focuses on the practical commercialization of spintronics, a form of nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company manufactures high-performance spintronic products, notably sensors and couplers, which are used to acquire and transmit data in various applications.
NVE’s common stock is registered with the U.S. Securities and Exchange Commission under Commission File Number 000-12196, and the company is incorporated in Minnesota. Its shares trade on the Nasdaq market under the ticker symbol NVEC. Public filings and proxy materials identify NVE as a corporation subject to the Securities Exchange Act of 1934, with shareholders voting on directors, executive compensation, and the selection of its independent registered public accounting firm.
The company’s spintronic products are based on giant magnetoresistance (GMR) and tunneling magnetoresistance (TMR) technologies combined with integrated circuitry. NVE develops and sells a range of spintronic devices, and available product descriptions reference categories such as digital sensors, medical sensors, rotation sensors, GT sensors, angle sensors, analog sensors, MSOP isolators, and passive-in transceivers. These products are designed to sense or isolate signals and to help acquire and transmit data in electronic systems.
Business Activities and Revenue Sources
From its public financial reports, NVE identifies two primary revenue components: product sales and contract research and development. Product sales relate to the company’s spintronic sensors and couplers and associated devices, while contract research and development revenue reflects work performed under research or technology agreements. Quarterly and annual income statements in company news releases and Form 8-K filings consistently break out revenue between these two categories.
The company’s financial statements show that NVE also earns interest income and may record other income, alongside its core operating income from spintronic products and contract research and development. Cost of sales, research and development expenses, and selling, general, and administrative expenses are separately disclosed, providing insight into how NVE allocates resources between product manufacturing, technology development, and corporate functions.
Spintronics Focus
NVE repeatedly describes itself in press releases as a leader in the practical commercialization of spintronics. Spintronics, as characterized by the company, uses electron spin to acquire, store, and transmit information. NVE’s high-performance spintronic sensors and couplers are positioned as enabling precise data acquisition and reliable data transmission in electronic systems. The use of GMR and TMR effects combined with integrated circuits is a core technical foundation of the company’s designs.
Corporate Governance and Shareholder Structure
NVE’s definitive proxy statement (DEF 14A) outlines a traditional public-company governance framework. Shareholders elect directors, cast an advisory vote on named executive officer compensation, and ratify the appointment of the independent registered public accounting firm. The proxy materials describe corporate governance guidelines, a code of ethics, whistleblower protections, insider trading policies, and board oversight of risk and environmental, social, and governance (ESG) matters.
The proxy statement also provides information on equity compensation plans, indicating that NVE has a stock option plan approved by shareholders, with a specified number of securities issuable upon exercise of outstanding options and additional shares available for future issuance. Security ownership tables list institutional investors and insiders that beneficially own more than five percent of the company’s common stock or hold director and executive positions.
Dividends and Capital Returns
In multiple Form 8-K filings and press releases, NVE reports that its Board of Directors has approved quarterly cash dividends on its common stock. The company discloses the dividend amount per share and the record and payment dates in these announcements. These recurring dividends indicate that returning cash to shareholders is a regular part of NVE’s capital allocation decisions, as documented in its official communications.
Key Agreements and Customer Relationships
NVE’s Form 8-K/A filing describes a long-standing Supplier Partnering Agreement originally entered into with Pacesetter, Inc., now a subsidiary of Abbott Laboratories. The company supplies products to Abbott under this agreement. Amendment No. 12 to the Supplier Partnering Agreement, executed on December 12, 2025, extends the agreement term through December 31, 2027 and increases pricing for 2026 and 2027. Earlier amendments and related agreements are incorporated by reference in NVE’s SEC filings, underscoring the importance of this relationship as a material contract.
Financial Reporting and Public Disclosures
NVE regularly releases quarterly and annual financial results through press releases that are furnished as exhibits to Form 8-K filings. These releases provide details on revenue by category (product sales and contract research and development), cost of sales, gross profit, operating expenses, income from operations, interest income, other income, income before taxes, and net income. Balance sheets disclose cash and cash equivalents, marketable securities, accounts receivable, inventories, fixed assets, deferred tax assets, right-of-use assets for operating leases, and shareholders’ equity components.
The company also files an annual report on Form 10-K, which is made available to shareholders through its investor materials, as referenced in the proxy statement. Shareholders can access proxy materials, annual reports, and investor events information through the channels identified in NVE’s communications.
Shareholder Meetings and Voting
According to the definitive proxy statement, NVE holds an Annual Meeting of Shareholders where shareholders vote on the election of directors, an advisory resolution regarding executive compensation, and the ratification of the independent registered public accounting firm. The proxy statement explains voting procedures, quorum requirements, the treatment of abstentions and broker non-votes, and how shareholders may vote by mail or through intermediaries. It also discusses board leadership structure, board independence, board committees, and the board’s role in risk oversight.
Regulatory Status and Exchange Listing
Recent SEC filings and news releases indicate that NVE remains an active reporting company with the SEC and continues to trade on Nasdaq under the symbol NVEC. The company files Form 8-K reports for material events, including financial results, dividends, and shareholder meeting outcomes, and submits proxy statements for annual meetings. There is no indication in the provided filings of delisting, deregistration, bankruptcy, or a completed merger or acquisition that would change NVE’s status as an independent public company.
Summary
In summary, NVE Corporation is a publicly traded Minnesota corporation in the semiconductor and related device manufacturing sector, with a specialized focus on spintronics. It develops and sells high-performance spintronic sensors, couplers, and related devices that use GMR and TMR effects combined with integrated circuitry to acquire and transmit data. The company generates revenue from product sales and contract research and development, maintains a documented relationship as a supplier to Abbott, and follows established public-company governance and reporting practices, including quarterly dividends, annual shareholder meetings, and regular SEC filings.