Latest news with #DanielBaker
Yahoo
25-07-2025
- Business
- Yahoo
NVE Corp Q1 Earnings Decline Y/Y, Stock Falls More Than 20%
Shares of NVE Corporation NVEC have declined 20.4% since reporting earnings for the first quarter of fiscal 2026. This compares with the S&P 500 index's 0.9% growth over the same time frame. Over the past month, the stock has declined 14.2% against the S&P 500's 3.9% rally. For the first quarter ended June 30, 2025, NVE Corp reported total revenues of $6.10 million, a 10% decline from $6.78 million in the same period last year. This decrease was primarily led by an 11% year-over-year drop in product sales, slightly offset by a 17% rise in contract research and development revenues. Net income fell 13% to $3.58 million, or 74 cents per diluted share, from $4.10 million, or 85 cents per share, in the year-ago quarter. NVE Corporation Price, Consensus and EPS Surprise NVE Corporation price-consensus-eps-surprise-chart | NVE Corporation Quote Other Key Business Metrics Gross profit for the quarter stood at $4.92 million, down from $5.81 million in the prior-year period, reflecting a gross margin decline to 81% from 86%. The reduced margin was attributed to a less favorable product mix and increased distributor sales, which generally carry lower margins than direct sales. Total operating expenses dropped 20% year over year to $1.14 million, driven by an 18% decrease in research and development (R&D) expenses, and a 23% reduction in selling, general and administrative (SG&A) costs. The decline in R&D expenses stemmed from the completion of certain wafer-level chip-scale packaging projects and the reallocation of some R&D resources to manufacturing. Similarly, SG&A expenses were reduced due to the timing of sales and marketing activities, as well as the reassignment of administrative roles to production functions. Operating income was $3.78 million for the quarter, with an operating margin of 62%. Interest income contributed $498,208, and other income added a minor $811, resulting in a pretax income of $4.28 million. After taxes, the net margin was a robust 59%. Comprehensive income, which includes approximately $75,000 in unrealized gains from marketable securities, totaled $3.65 million. Management Commentary CEO Daniel Baker acknowledged the earnings decline but emphasized the company's strong profitability and cost control. He noted that non-defense product sales were stabilizing and industry conditions were improving. Distribution channel sales showed early signs of recovery, which the company views as an encouraging indicator of a broader market rebound. Defense-related product sales, particularly in the physical unclonable function segment, were cited as a source of revenue variability due to the cyclical nature of government procurement. However, Baker expressed optimism about sequential growth in defense orders in the coming quarters and a return to historical demand levels in fiscal 2027. Factors Influencing the Results The revenue and earnings declines were largely due to lower defense product sales, which are known to be lumpy and dependent on the timing of government contracts. The gross margin also narrowed because of the higher mix of distributor sales. However, the company partially mitigated these pressures through disciplined expense management. Capital expenditure in the quarter totaled $1.06 million, mostly allocated to wafer fabrication equipment. The acquisition of this equipment was strategically timed ahead of the expiration of a reciprocal tariff exemption in early July. This investment supports NVE's two-year expansion plan and will also qualify for a 25% advanced manufacturing investment tax credit under a recently extended tax bill, translating into a benefit of $700,000-$800,000 this fiscal year. Additionally, changes to the U.S. Internal Revenue Code now permit the immediate expensing of previously amortized R&D costs, improving near-term cash flow though not materially affecting net income. Guidance Management signaled expectations for quarter-over-quarter growth in defense product sales throughout the remainder of the fiscal year. Additionally, encouraging trends in distributor sales and ongoing product innovation efforts are expected to contribute positively to future performance. Product development initiatives included the launch of ultra-miniature wafer-level chip-scale sensors and expanded promotion of rare-earth-free ferrite magnet sensors, targeting markets where geopolitical risks pose supply-chain threats. These initiatives were showcased at major trade events — SENSOR+TEST in Germany and Sensors Converge in California — which generated promising customer leads. Other Developments In the quarter, NVE continued its investment in wafer-level packaging technology aimed at serving the medical device and industrial automation markets. The company has begun sampling these miniaturized components, which offer increased spatial precision, to potential customers in both sectors. Initial feedback has been favorable, and NVE expects to move toward higher-volume production later this fiscal year. The company also maintained its shareholder return policy, declaring another quarterly dividend of $1.00 per share, payable August 29, 2025. The company's ongoing capital investments and IP development activities continue to support its long-term strategic growth initiatives. Management reaffirmed its commitment to balancing R&D, operational efficiency and shareholder returns in an evolving macroeconomic environment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVE Corporation (NVEC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Wall Street Journal
11-07-2025
- Lifestyle
- Wall Street Journal
Style Advice for Men of Every Generation—From Gen Z to Boomers
Daniel Baker was paralyzed by indecision. This past winter, the investor relations expert, 46, stepped into his Palm Beach, Fla., closet and realized that he owned piles of clothes but none he felt comfortable wearing. 'You hit a big birthday—30, 40, 45—and suddenly you do want to pause and reassess your look,' said Baker. His goal: 'Not to have things look suddenly wrong.' Personal stylist Fiona Smart knows all too well the 'age panic' that men experience when dressing. 'Looking your best changes depending on your stage of life,' said Smart, who steers the wardrobes of finance and tech types aged 25 to 60-plus in London and New York. Among her clients' top concerns? Looking 'more current' and dealing with the changing fit of clothes as their bodies age.
Yahoo
31-03-2025
- Business
- Yahoo
With 75% ownership of the shares, NVE Corporation (NASDAQ:NVEC) is heavily dominated by institutional owners
Given the large stake in the stock by institutions, NVE's stock price might be vulnerable to their trading decisions A total of 10 investors have a majority stake in the company with 50% ownership Ownership research, combined with past performance data can help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you want to know who really controls NVE Corporation (NASDAQ:NVEC), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 75% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's take a closer look to see what the different types of shareholders can tell us about NVE. View our latest analysis for NVE Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in NVE. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see NVE's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in NVE. Royce & Associates, LP is currently the company's largest shareholder with 10% of shares outstanding. For context, the second largest shareholder holds about 7.6% of the shares outstanding, followed by an ownership of 7.1% by the third-largest shareholder. Furthermore, CEO Daniel Baker is the owner of 1.3% of the company's shares. We did some more digging and found that 10 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own some shares in NVE Corporation. In their own names, insiders own US$4.1m worth of stock in the US$314m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. With a 23% ownership, the general public, mostly comprising of individual investors, have some degree of sway over NVE. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for NVE that you should be aware of before investing here. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
13-03-2025
- Health
- Yahoo
Readers sound off on community hospitals, an Adams appointee and checking on elders
Manhattan: Re 'Two hospitals with two different paths' (op-ed, March 10): The picture painted in this commentary about Lenox Hill Hospital and its role in the future of hospital care in Manhattan is unfortunately misleading and built on flawed assumptions. With a history spanning more than 160 years in the community, we are proud to serve our longtime neighbors. Still, more than one-third of our patients come from the outer boroughs, and a majority — 55% — are people of color. More than 60% rely on Medicare or Medicaid. The piece's inference that Northwell Health is an outside force is equally inaccurate and uninformed. Our doctors, nurses and staff live across the five boroughs, and our patients are New Yorkers from all walks of life. To dismiss our incredible team members and the essential care they provide as part of some 'deregulated marketplace failure' is a disservice to the 144,000 New Yorkers who depend on them for life-saving treatment every year. Hospitals must adapt to meet an evolving health care landscape. When they don't, they face the unfortunate reality of closures — an experience too many communities face today. The investments we seek at Lenox Hill are about renewing a facility that has served New Yorkers for more than a century, ensuring that we can continue delivering high-quality care safely and sustainably. Northwell continues growing and investing across the city, and it is neither responsible nor helpful to pit one hospital's future against another's. The challenges facing health care in New York are real. We should work together to ensure all New Yorkers can access the care they deserve for decades to come. Daniel Baker, president, Lenox Hill Hospital Bethlehem, Pa.: Re 'When crime goes down' (editorial, March 7): Police Commissioner Jessica Tisch has it. She and the great cops in the NYPD that we all support and rely on have it. Finally. Thank you so very much indeed. We love New York and we love the NYPD for that! Christoph Broubalow Middle Village: I am pleased to see the big drop in shootings and homicides this year compared to the same period last year, and I congratulate the mayor, our terrific police commissioner and the entire NYPD for helping to make this happen. Now let's focus on the awful increase in rapes: 298 this year to date versus 229 last year, up 30%. We need to encourage women who are in abusive situations to report, and to add more street vigilance to remove from the streets those lurking to attack unsuspecting females of all ages. Mary Jane McCartney Rockaway Park: If what you reported in your newspaper concerning the possibility that Commissioner of Probation Juanita Holmes has had nepotism involved in her hiring practices, she is only following the lead of the person who appointed her to that position, Mayor Adams. What are her qualifications that made her the right person for that job? All probation officers are college graduates. Anthony Johnson Forest Hills: So, Juanita Holmes is under investigation, correct? No surprise there. When Holmes was a chief in the NYPD, she constantly did an end run around the police commissioner at the time (one of the best ever, Keechant Sewell) and went straight to Adams and got whatever she wanted from him. Holmes is the same person who thought an appearance by Cardi B ('WAP,' anyone?) was an excellent choice to motivate females to join the NYPD. Really? And again, despite the commissioner demanding that Cardi B's appearance be canceled, Holmes ran right to Adams, and he allowed that repugnant performer to perform. So Holmes is taking on her mentor Adams' act: pad the city payroll with corrupt, unqualified cronies with sky-high salaries. Please kick her to the curb and charge her with extreme corruption. J.M. Culley New Rochelle, N.Y.: Voicer Marc Lavietes says, as a physician, that measles is a real killer, saying there were 500 deaths a year before the 1963 vaccine. Meanwhile, accidental ladder falls last year killed more Americans than the last 50 years of measles. This is because of MAGA, he says? Hey, Marc, your Trump Derangement Syndrome is showing! Tripp Hoffmann Holbrook, L.I.: I read your editorial ('Untaxed tips is not so easy,' March 8) with interest and noticed, in my humble opinion, that you missed the point entirely. Trump doesn't care about those who work primarily on tips. It was all about trying to generate votes. But now it's a nod to the business community. Why? Because those who are paid mostly or significantly in tips will no longer cost their employers their required 6% contribution to Social Security taxes. Those who spend their working lives in places like New York or Las Vegas, where a worker can live well on tip jobs, will get hurt badly in the end. When the time for collecting Social Security comes, their check will be based on their lifetime total taxable income. Should the economy have a downturn and they lose their jobs, their unemployment insurance benefit will also be based on taxable income. Michael L. Wilson Brooklyn: Are Trump and Vladimir Putin working in tandem to make Ukraine capitulate to agreeing to a peace agreement detrimental to Ukraine? It sure seems like it. Trump has absurdly blamed Ukraine for this war, claimed that Volodymyr Zelenskyy is not grateful and demanded repayment for U.S. aid. Now Putin has stepped up the bombing of Ukraine while Trump has pulled technological aid crucial to Ukraine's defense. Both leaders would love to see Zelenskyy gone and will pressure Ukraine to have elections to get a puppet president favorable to Russia. People who cherish freedom in Europe and America should be more alarmed at what is unfolding. Irwin Cantos Little Egg Harbor, N.J.: What has happened to our elected officials, doing absolutely nothing while our government agencies are gutted by someone not elected by the people? From day one, a man who has had multiple bankruptcies has been able to choose another clown to destroy our government. Why are our elected officials allowing this disaster to continue? This incompetent loser must be impeached! I am certain that even Republicans elected by us to represent our needs must realize they were chosen to protect our government and our way of life — not protect somebody who disrespects our allies and is in love with our enemies all over the world. How long will this go on before someone wakes up and stops this disgrace to our values? Rose S. Wilson Brooklyn: People supporting Mahmoud Khalil (' 'New Yorkers will have to take to the street,' says a demonstrator,' March 11) need a history lesson. Khalil wholeheartedly supports Hamas and Hezbollah, a group that murdered 241 sleeping American service members in 1983 and kidnapped, tortured and murdered Col. William Higgins. If supporting and advocating for enemies of this country are not a reason for deportation, what is? Rob Weissbard Jamaica: To Voicer Michele P. Brown: The problem for the Arabs of Palestine was not the League of Nations, the British, the Zionists or the UN. It was their leader, the grand mufti, Haj Amin al-Husseini. He orchestrated massacres against peaceful Jewish communities in 1920, 1929 and 1936 and was responsible for the assassinations of prominent Arabs who favored coexistence with Jews. He rejected plans for an Arab state in 1937 and 1947 because each plan offered a state for Jews. He was an ally of Adolf Hitler and an active supporter of the Holocaust. Al-Husseini was influential in the Arab decisions to start the wars of 1947 and 1948, the cause of the Palestinian refugee problem. Ebere Osu Bronx: In light of Gene Hackman and his wife dying so tragically and alone ('They died of illnesses,' March 8), with no loved ones or friends being aware for at least two weeks: People, call your elderly loved ones often, especially if one has Alzheimer's. It is heartbreaking to know that these people had family and no one got in touch with them. And if they called and got no response for several days, they could either go and check or ask the local police to do a wellness check. So sad. May they RIP. Pauline Graham Binder
Yahoo
10-02-2025
- Yahoo
Two arrested after stolen vehicle crashes into police cruiser, building in Waterbury
Two people were arrested in a stolen car in Waterbury last week after the driver struck a police cruiser and a brick building during a failed escape attempt. The incident unfolded last Wednesday shortly after 3:30 p.m. when authorities conducting patrols along Willow Street and Hillside Avenue spotted a stolen 2007 Honda Accord parked in a lot at 120 Hillside Ave., according to the Waterbury Police Department. The vehicle was reported stolen that morning in Bridgeport. The Honda was spotted by the police department's Auto Theft Task Force and Vice and Intelligence Unit as well as the Connecticut Violent Crime Task Force. Dashboard camera and body camera footage from the incident, which was released by police, shows multiple officers on foot approaching the vehicle while a cruiser parks behind it. As the driver tries to drive away a policeman breaks the passenger side window of the Honda. The driver then strikes the police cruiser and a vehicle parked in the lot. The Honda becomes wedged in between the vehicles briefly, at which point an officer can be seen smashing the driver side window, the footage shows. The driver is able to free the Honda and continue through the lot with the police cruiser touching or following close behind. The Honda driver then strikes the beam of a brick building and careens directly into another beam, the footage shows. The vehicle is then boxed in by the cruiser before officers take the driver and a passenger into custody. Police identified them as 42-year-old Daniel Baker of Naugatuck and 38-year-old Janete Olivencia of Waterbury. Police said Baker was taken to an area hospital for a laceration on his face. Officers searched the vehicle and reportedly found drug paraphernalia, according to police. Baker was charged with reckless driving, evading responsibility, theft of a motor vehicle, possession of drug paraphernalia, second-degree criminal trover, first-degree criminal mischief, illegal possession of a controlled substance, operation of motor vehicle with a suspended license and failure to keep narcotic medication in the original container. According to police, Baker was found to have a warrant out for his arrest from an incident in Fairfield. Olivencia was charged with theft of a motor vehicle and possession of drug paraphernalia.
