Round Rock Advisors LLC Increases Stake in NVE Corporation (NASDAQ:NVEC)

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

Several other large investors have also bought and sold shares of the stock. Bridge City Capital LLC lifted its stake in NVE by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 36,992 shares of the semiconductor company's stock valued at $3,012,000 after acquiring an additional 279 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of NVE by 3.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,980 shares of the semiconductor company's stock worth $731,000 after purchasing an additional 297 shares during the period. Wells Fargo & Company MN raised its stake in shares of NVE by 1.8% during the 4th quarter. Wells Fargo & Company MN now owns 23,332 shares of the semiconductor company's stock worth $1,900,000 after purchasing an additional 423 shares during the period. Barclays PLC raised its stake in shares of NVE by 10.4% during the 4th quarter. Barclays PLC now owns 7,579 shares of the semiconductor company's stock worth $617,000 after purchasing an additional 716 shares during the period. Finally, American Century Companies Inc. raised its stake 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. 65.95% of the stock is currently owned by institutional investors.

NVE Price Performance

Shares of NASDAQ NVEC traded up $0.43 during mid-day trading on Thursday, reaching $76.50. 73,718 shares of the company's stock were exchanged, compared to its average volume of 31,882. The firm has a market capitalization of $370.26 million, a price-to-earnings ratio of 24.60 and a beta of 1.15. NVE Corporation has a 52 week low of $51.50 and a 52 week high of $89.98. The firm has a 50-day moving average price of $71.03 and a two-hundred day moving average price of $70.00.

NVE (NASDAQ:NVEC - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.80 EPS 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 firm also recently announced 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, May 19th. NVE's payout ratio is 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.