Militia Capital Partners LP Boosts Stake in NVE Corporation $NVEC

Key Points

• Militia Capital Partners LP has doubled its stake in NVE Corporation, owning 8,000 shares after acquiring an additional 4,000, which is valued at approximately $510,000.
• The company reported a quarterly net margin of 57.71% and earnings of $0.74 per share, with revenue reaching $6.11 million during the last quarter.
• NVE recently declared a $1.00 quarterly dividend, resulting in an annualized dividend of $4.00 and a dividend yield of 5.9%.

Militia Capital Partners LP raised its position in shares of NVE Corporation (NASDAQ:NVEC - Free Report) by 100.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the semiconductor company's stock after acquiring an additional 4,000 shares during the period. Militia Capital Partners LP owned approximately 0.17% of NVE worth $510,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new stake in NVE during the fourth quarter valued at about $225,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NVE by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company's stock worth $183,000 after buying an additional 156 shares during the period. Canton Hathaway LLC boosted its position in shares of NVE by 185.0% in the first quarter. Canton Hathaway LLC now owns 2,950 shares of the semiconductor company's stock worth $188,000 after buying an additional 1,915 shares during the period. Azzad Asset Management Inc. ADV purchased a new stake in shares of NVE in the first quarter worth about $277,000. Finally, US Bancorp DE boosted its position 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 buying an additional 296 shares during the period. Hedge funds and other institutional investors own 65.95% of the company's stock.

NVE Price Performance

Shares of NASDAQ NVEC opened at $67.75 on Friday. NVE Corporation has a 1-year low of $51.50 and a 1-year high of $88.50. The business has a 50-day moving average of $67.77 and a 200-day moving average of $66.82. The company has a market capitalization of $327.91 million, a price-to-earnings ratio of 22.58 and a beta of 1.24.

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

NVE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 4th were paid a $1.00 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.00 annualized dividend and a dividend yield of 5.9%. NVE's payout ratio is 133.33%.

About NVE

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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