Allspring Global Investments Holdings LLC lessened its holdings in shares of NVE Corporation (NASDAQ:NVEC - Free Report) by 24.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,072 shares of the semiconductor company's stock after selling 5,468 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.35% of NVE worth $1,085,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of NVE in the 4th quarter valued at $1,870,000. Raymond James Financial Inc. acquired a new stake in NVE during the fourth quarter worth about $1,486,000. Royce & Associates LP raised its holdings in shares of NVE by 1.1% in the 4th quarter. Royce & Associates LP now owns 488,320 shares of the semiconductor company's stock worth $39,764,000 after purchasing an additional 5,328 shares during the period. American Century Companies Inc. lifted its stake in shares of NVE by 7.2% in the 4th quarter. American Century Companies Inc. now owns 11,137 shares of the semiconductor company's stock valued at $907,000 after purchasing an additional 744 shares in the last quarter. Finally, Bridge City Capital LLC grew its holdings in shares of NVE by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 36,992 shares of the semiconductor company's stock worth $3,012,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 65.95% of the company's stock.
NVE Stock Down 1.1%
Shares of NVE stock traded down $0.86 during trading hours on Friday, hitting $75.64. The company's stock had a trading volume of 106,431 shares, compared to its average volume of 32,201. The company has a market capitalization of $366.08 million, a PE ratio of 24.32 and a beta of 1.15. The business has a fifty day moving average of $71.36 and a 200 day moving average of $69.97. NVE Corporation has a 1-year low of $51.50 and a 1-year high of $89.98.
NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.80 EPS for the quarter. NVE had a return on equity of 23.63% and a net margin of 58.22%. The company had revenue of $6.95 million for the quarter.
NVE Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Monday, May 19th. NVE's dividend payout ratio (DPR) is 128.62%.
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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