Silverberg Bernstein Capital Management LLC Acquires 4,664 Shares of NVE Co. (NASDAQ:NVEC)

Silverberg Bernstein Capital Management LLC raised its stake in shares of NVE Co. (NASDAQ:NVEC - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,132 shares of the semiconductor company's stock after buying an additional 4,664 shares during the period. NVE accounts for approximately 2.4% of Silverberg Bernstein Capital Management LLC's portfolio, making the stock its 13th biggest holding. Silverberg Bernstein Capital Management LLC owned 0.85% of NVE worth $2,622,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Canton Hathaway LLC bought a new stake in NVE during the fourth quarter worth approximately $84,000. SG Americas Securities LLC grew its holdings in NVE by 86.3% in the 4th quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company's stock valued at $209,000 after buying an additional 1,188 shares during the last quarter. Quantinno Capital Management LP bought a new position in NVE in the 4th quarter worth approximately $225,000. ExodusPoint Capital Management LP bought a new position in NVE in the 4th quarter worth approximately $284,000. Finally, GAMMA Investing LLC lifted its holdings in shares of NVE by 9,289.2% during the first quarter. GAMMA Investing LLC now owns 6,948 shares of the semiconductor company's stock worth $443,000 after buying an additional 6,874 shares during the last quarter. Institutional investors own 65.95% of the company's stock.

NVE Price Performance

Shares of NVE stock traded down $0.07 during midday trading on Wednesday, hitting $71.81. The company had a trading volume of 61,586 shares, compared to its average volume of 24,740. The stock has a market cap of $347.34 million, a PE ratio of 23.16 and a beta of 1.15. NVE Co. has a 1-year low of $51.50 and a 1-year high of $89.98. The business's 50 day simple moving average is $63.54 and its two-hundred day simple moving average is $70.80.

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

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Monday, May 19th. NVE's dividend payout ratio is presently 128.62%.

NVE 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.