Round Rock Advisors LLC Has $1.07 Million Position in NVE Corporation (NASDAQ:NVEC)

Round Rock Advisors LLC raised its holdings in NVE Corporation (NASDAQ:NVEC - Free Report) by 155.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,806 shares of the semiconductor company's stock after acquiring an additional 10,231 shares during the quarter. Round Rock Advisors LLC owned 0.35% of NVE worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVEC. Penserra Capital Management LLC lifted its stake in NVE by 41.0% during the first quarter. Penserra Capital Management LLC now owns 187,037 shares of the semiconductor company's stock valued at $11,921,000 after buying an additional 54,404 shares in the last quarter. Canton Hathaway LLC increased its holdings in shares of NVE by 185.0% in the 1st quarter. Canton Hathaway LLC now owns 2,950 shares of the semiconductor company's stock valued at $188,000 after purchasing an additional 1,915 shares during the period. Cardinal Capital Management increased its holdings in shares of NVE by 8.1% in the 1st quarter. Cardinal Capital Management now owns 14,985 shares of the semiconductor company's stock valued at $955,000 after purchasing an additional 1,125 shares during the period. Azzad Asset Management Inc. ADV acquired a new position in shares of NVE in the 1st quarter valued at about $277,000. Finally, Silverberg Bernstein Capital Management LLC increased its holdings in shares of NVE by 12.8% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 41,132 shares of the semiconductor company's stock valued at $2,622,000 after purchasing an additional 4,664 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Stock Down 0.6%

Shares of NVEC traded down $0.48 during trading hours on Friday, reaching $76.02. The company's stock had a trading volume of 56,002 shares, compared to its average volume of 32,063. The firm has a market cap of $367.94 million, a price-to-earnings ratio of 24.44 and a beta of 1.15. NVE Corporation has a 1-year low of $51.50 and a 1-year high of $89.98. The company has a 50 day moving average of $71.36 and a two-hundred day moving average of $69.97.

NVE (NASDAQ:NVEC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.80 earnings per share for the quarter. The company had revenue of $6.95 million for the quarter. NVE had a return on equity of 23.63% and a net margin of 58.22%.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 5.26%. NVE's dividend payout ratio is currently 128.62%.

NVE Company Profile

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.