Azzad Asset Management Inc. ADV purchased a new stake in NVE Corporation (NASDAQ:NVEC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,352 shares of the semiconductor company's stock, valued at approximately $277,000. Azzad Asset Management Inc. ADV owned 0.09% of NVE as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in NVEC. Rhumbline Advisers grew its position in shares of NVE by 34.4% during the first quarter. Rhumbline Advisers now owns 78,419 shares of the semiconductor company's stock worth $4,998,000 after buying an additional 20,061 shares in the last quarter. Bank of America Corp DE boosted its stake in NVE by 33.3% during the 4th quarter. Bank of America Corp DE now owns 5,554 shares of the semiconductor company's stock valued at $452,000 after purchasing an additional 1,389 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in NVE by 199.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company's stock worth $1,862,000 after acquiring an additional 15,005 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of NVE during the 4th quarter worth $1,870,000. Finally, Raymond James Financial Inc. purchased a new position in shares of NVE in the fourth quarter worth approximately $1,486,000. 65.95% of the stock is owned by hedge funds and other institutional investors.
NVE Stock Performance
Shares of NVEC stock traded down $0.33 on Thursday, reaching $69.93. 66,007 shares of the company's stock traded hands, compared to its average volume of 27,736. The company has a market capitalization of $338.25 million, a P/E ratio of 22.49 and a beta of 1.15. NVE Corporation has a 12-month low of $51.50 and a 12-month high of $89.98. The business's 50 day moving average price is $66.17 and its two-hundred day moving average price is $70.41.
NVE (NASDAQ:NVEC - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.80 earnings per share for the quarter. The company had revenue of $6.95 million for the quarter. NVE had a return on equity of 23.63% and a net margin of 58.22%.
NVE Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend was Monday, May 19th. NVE's payout ratio is presently 128.62%.
About NVE
(
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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