BNP Paribas Financial Markets trimmed its holdings in NVE Co. (NASDAQ:NVEC - Free Report) by 86.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 597 shares of the semiconductor company's stock after selling 3,887 shares during the period. BNP Paribas Financial Markets' holdings in NVE were worth $49,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Canton Hathaway LLC bought a new position in shares of NVE during the fourth quarter worth approximately $84,000. SG Americas Securities LLC increased its stake in shares of NVE by 86.3% during the fourth quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company's stock worth $209,000 after purchasing an additional 1,188 shares during the period. ExodusPoint Capital Management LP bought a new position in NVE during the 4th quarter worth $284,000. Price T Rowe Associates Inc. MD increased its stake in NVE by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,363 shares of the semiconductor company's stock worth $600,000 after acquiring an additional 939 shares during the period. Finally, Barclays PLC increased its stake in NVE by 10.4% during the 4th quarter. Barclays PLC now owns 7,579 shares of the semiconductor company's stock worth $617,000 after acquiring an additional 716 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.
NVE Price Performance
NVE stock traded up $1.05 during mid-day trading on Friday, reaching $72.44. 138,786 shares of the company were exchanged, compared to its average volume of 25,941. The company has a fifty day simple moving average of $64.00 and a 200-day simple moving average of $70.77. NVE Co. has a 12 month low of $51.50 and a 12 month high of $89.98. The firm has a market cap of $350.39 million, a PE ratio of 23.37 and a beta of 1.15.
NVE (NASDAQ:NVEC - Get Free Report) last posted 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 23.21% and a net margin of 58.33%. The firm had revenue of $6.95 million for the quarter.
NVE Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 5.52%. NVE's dividend payout ratio (DPR) 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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