NVE Co. (NASDAQ:NVEC) Shares Sold by Kings Path Partners LLC

Kings Path Partners LLC reduced its position in shares of NVE Co. (NASDAQ:NVEC - Free Report) by 38.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,416 shares of the semiconductor company's stock after selling 4,035 shares during the quarter. Kings Path Partners LLC owned 0.13% of NVE worth $409,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NVEC. Quantinno Capital Management LP purchased a new position in NVE in the 4th quarter valued at about $225,000. Deutsche Bank AG increased its holdings in NVE by 6.9% in the 4th quarter. Deutsche Bank AG now owns 31,094 shares of the semiconductor company's stock valued at $2,532,000 after purchasing an additional 2,006 shares during the last quarter. Bank of America Corp DE increased its holdings in NVE by 33.3% in 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 during the last quarter. Northern Trust Corp increased its holdings in NVE by 3.7% in the 4th quarter. Northern Trust Corp now owns 46,274 shares of the semiconductor company's stock valued at $3,768,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of NVE by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,363 shares of the semiconductor company's stock valued at $600,000 after acquiring an additional 939 shares in the last quarter. 65.95% of the stock is owned by hedge funds and other institutional investors.

NVE Price Performance

Shares of NVE stock traded down $1.10 during trading on Monday, hitting $70.06. 101,995 shares of the stock were exchanged, compared to its average volume of 24,127. The stock has a market cap of $338.89 million, a price-to-earnings ratio of 22.71 and a beta of 1.09. The firm's 50-day moving average price is $63.40 and its 200 day moving average price is $70.83. NVE Co. has a 12-month low of $51.50 and a 12-month high of $89.98.

NVE (NASDAQ:NVEC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.80 earnings per share for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%. The firm had revenue of $6.95 million during the quarter.

NVE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.71%. NVE's dividend payout ratio (DPR) is 128.62%.

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.