Rhumbline Advisers lifted its position in NVE Co. (NASDAQ:NVEC - Free Report) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,419 shares of the semiconductor company's stock after purchasing an additional 20,061 shares during the quarter. Rhumbline Advisers owned approximately 1.62% of NVE worth $4,998,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in NVE in the 4th quarter valued at approximately $84,000. Quantinno Capital Management LP purchased a new position in NVE in the fourth quarter worth $225,000. ExodusPoint Capital Management LP acquired a new stake in NVE in the fourth quarter valued at $284,000. GAMMA Investing LLC boosted its position in shares of NVE by 9,289.2% during the 1st quarter. GAMMA Investing LLC now owns 6,948 shares of the semiconductor company's stock worth $443,000 after purchasing an additional 6,874 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of NVE by 33.3% during the 4th quarter. Bank of America Corp DE now owns 5,554 shares of the semiconductor company's stock worth $452,000 after purchasing an additional 1,389 shares during the period. Institutional investors and hedge funds own 65.95% of the company's stock.
NVE Stock Performance
NVEC stock traded down $3.41 during trading on Friday, reaching $68.52. 37,853 shares of the company were exchanged, compared to its average volume of 26,918. The stock's 50 day moving average price is $65.14 and its 200 day moving average price is $70.61. NVE Co. has a 52-week low of $51.50 and a 52-week high of $89.98. The company has a market cap of $331.43 million, a P/E ratio of 22.10 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 EPS for the quarter. NVE had a return on equity of 23.21% and a net margin of 58.33%. The business had revenue of $6.95 million for the quarter.
NVE Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Monday, May 19th. NVE's dividend payout ratio is currently 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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