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6,000 Shares in NVE Corporation (NASDAQ:NVEC) Purchased by Annis Gardner Whiting Capital Advisors LLC

NVE logo with Computer and Technology background

Key Points

  • Annis Gardner Whiting Capital Advisors LLC acquired 6,000 shares of NVE Corporation (NASDAQ:NVEC), valued at approximately $382,000, during the 1st quarter.
  • NVE Corporation reported an earnings per share (EPS) of $0.74 for the most recent quarter, with a net margin of 57.71% and revenue of $6.11 million.
  • The company announced a quarterly dividend of $1.00 per share, representing a 6.6% yield, with a payout ratio of 133.33%.
  • Five stocks to consider instead of NVE.

Annis Gardner Whiting Capital Advisors LLC acquired a new stake in NVE Corporation (NASDAQ:NVEC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the semiconductor company's stock, valued at approximately $382,000. Annis Gardner Whiting Capital Advisors LLC owned 0.12% of NVE at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NVEC. Canton Hathaway LLC raised its position in shares of NVE by 185.0% during the 1st quarter. Canton Hathaway LLC now owns 2,950 shares of the semiconductor company's stock worth $188,000 after purchasing an additional 1,915 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in NVE during the 4th quarter worth approximately $225,000. Azzad Asset Management Inc. ADV acquired a new position in shares of NVE during the first quarter valued at approximately $277,000. ExodusPoint Capital Management LP purchased a new position in shares of NVE in the fourth quarter valued at approximately $284,000. Finally, US Bancorp DE boosted its stake in shares of NVE by 6.6% in the first quarter. US Bancorp DE now owns 4,794 shares of the semiconductor company's stock worth $306,000 after acquiring an additional 296 shares during the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Stock Performance

Shares of NVEC opened at $60.18 on Tuesday. The stock has a 50 day moving average price of $72.36 and a 200 day moving average price of $68.52. NVE Corporation has a one year low of $51.50 and a one year high of $88.50. The stock has a market capitalization of $291.27 million, a price-to-earnings ratio of 20.06 and a beta of 1.19.

NVE (NASDAQ:NVEC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%. The company had revenue of $6.11 million for the quarter.

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 4th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Monday, August 4th. NVE's dividend payout ratio is currently 133.33%.

NVE Profile

(Free Report)

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.

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Want to see what other hedge funds are holding NVEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVE Corporation (NASDAQ:NVEC - Free Report).

Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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