Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in NVE Corporation (NASDAQ:NVEC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 61,313 shares of the semiconductor company's stock, valued at approximately $3,908,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 1.27% of NVE at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Canton Hathaway LLC increased its stake in NVE by 185.0% in the 1st quarter. Canton Hathaway LLC now owns 2,950 shares of the semiconductor company's stock worth $188,000 after purchasing an additional 1,915 shares in the last quarter. Quantinno Capital Management LP purchased a new position in NVE in the 4th quarter worth about $225,000. Azzad Asset Management Inc. ADV purchased a new position in NVE in the 1st quarter worth about $277,000. ExodusPoint Capital Management LP purchased a new position in NVE in the 4th quarter worth about $284,000. Finally, GAMMA Investing LLC increased its stake in NVE by 9,289.2% in 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. Hedge funds and other institutional investors own 65.95% of the company's stock.
NVE Stock Performance
NVEC traded down $2.43 during trading on Friday, reaching $60.91. The company had a trading volume of 30,913 shares, compared to its average volume of 43,499. The firm's 50-day simple moving average is $72.81 and its 200 day simple moving average is $68.97. The company has a market cap of $294.60 million, a price-to-earnings ratio of 20.43 and a beta of 1.15. NVE Corporation has a 12-month low of $51.50 and a 12-month high of $88.50.
NVE (NASDAQ:NVEC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.74 earnings per share for the quarter. NVE had a return on equity of 23.16% and a net margin of 57.71%. The company had revenue of $6.11 million for the quarter.
NVE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 4th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Monday, August 4th. NVE's payout ratio is 133.33%.
About NVE
(
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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