Penserra Capital Management LLC grew its position in NVE Corporation (NASDAQ:NVEC - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,037 shares of the semiconductor company's stock after buying an additional 54,404 shares during the period. Penserra Capital Management LLC owned 3.87% of NVE worth $11,921,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in NVE in the fourth quarter valued at approximately $1,870,000. Raymond James Financial Inc. purchased a new stake in NVE in the fourth quarter valued at $1,486,000. Isthmus Partners LLC lifted its stake in shares of NVE by 0.5% in the 4th quarter. Isthmus Partners LLC now owns 43,191 shares of the semiconductor company's stock valued at $3,517,000 after purchasing an additional 219 shares during the last quarter. Royce & Associates LP grew its holdings in shares of NVE by 1.1% during 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 during the period. Finally, American Century Companies Inc. grew its holdings in shares of NVE by 7.2% during the 4th quarter. American Century Companies Inc. now owns 11,137 shares of the semiconductor company's stock worth $907,000 after purchasing an additional 744 shares during the period. Institutional investors and hedge funds own 65.95% of the company's stock.
NVE Trading Down 2.5%
NVEC traded down $1.90 on Monday, hitting $74.60. The company had a trading volume of 74,017 shares, compared to its average volume of 30,524. The company's fifty day moving average price is $70.01 and its 200 day moving average price is $69.94. NVE Corporation has a 1 year low of $51.50 and a 1 year high of $89.98. The firm has a market cap of $360.84 million, a P/E ratio of 23.99 and a beta of 1.15.
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 58.22% and a return on equity of 23.63%. The business had revenue of $6.95 million during the quarter.
NVE Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Monday, May 19th. NVE's payout ratio is 128.62%.
NVE 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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