GAMMA Investing LLC increased its stake in shares of NVE Corporation (NASDAQ:NVEC - Free Report) by 9,289.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,948 shares of the semiconductor company's stock after buying an additional 6,874 shares during the quarter. GAMMA Investing LLC owned 0.14% of NVE worth $443,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in NVE during the 4th quarter worth $1,870,000. Raymond James Financial Inc. bought a new position in shares of NVE during the fourth quarter valued at about $1,486,000. Allspring Global Investments Holdings LLC boosted its holdings in NVE by 199.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company's stock worth $1,862,000 after purchasing an additional 15,005 shares during the last quarter. Royce & Associates LP grew its position in 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 in the last quarter. Finally, Geode Capital Management LLC grew its position in NVE by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 139,280 shares of the semiconductor company's stock worth $11,344,000 after purchasing an additional 4,667 shares in the last quarter. 65.95% of the stock is owned by hedge funds and other institutional investors.
NVE Stock Performance
NASDAQ:NVEC traded down $0.43 on Friday, hitting $69.50. The stock had a trading volume of 122,456 shares, compared to its average volume of 28,108. NVE Corporation has a 1 year low of $51.50 and a 1 year high of $89.98. The firm's fifty day simple moving average is $66.70 and its two-hundred day simple moving average is $70.28. The stock has a market cap of $336.38 million, a P/E ratio of 22.35 and a beta of 1.15.
NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.80 EPS for the quarter. The company had revenue of $6.95 million during the quarter. NVE had a return on equity of 23.63% and a net margin of 58.22%.
NVE Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Monday, May 19th. NVE's dividend payout ratio is presently 128.62%.
NVE Company 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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