NVE Corporation (NVEC)

78.29 -2.37 (-2.94%) As of 12:27PM EDT. Market open.

NVE Corporation

11409 Valley View Road
Eden Prairie, MN 55344-3617
United States
952 829 9217
https://www.nve.com

Sector(s): Technology
Industry: Semiconductors
Full-time employees: 51

Key executives

Name	Title	Pay	Exercised	Year born
Dr. Daniel A. Baker Ph.D.	CEO, President & Director	1.03M	N/A	1958
Mr. Daniel Nelson	Accounting Manager & Principal Financial Officer	62.23k	N/A	1986
Dr. Peter G. Eames	Vice President of Advanced Technology	289.74k	N/A	1976
Mr. John K. Myers	Vice President of New Business Development	135.62k	2.75M	1949

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring 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 and industrial Internet of Things (IIoT) market; and DC-to-DC convertors for use in power conversion systems and industrial networks for the IIoT. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

Corporate governance

NVE Corporation’s ISS governance QualityScore as of 1 April 2024 is 2. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 2; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.