Vanguard Group Inc. Purchases 6,507 Shares of NVE Corporation $NVEC

Key Points

• Vanguard Group Inc. increased its stake in NVE Corporation by 2.3%, now owning 283,690 shares worth approximately $18.08 million.
• NVE recently reported earnings of $0.74 per share with a revenue of $6.11 million, while maintaining a net margin of 57.71%.
• The company announced a quarterly dividend of $1.00 per share, yielding 6.2%, although its current payout ratio stands at 133.33%.

Vanguard Group Inc. raised its holdings in shares of NVE Corporation (NASDAQ:NVEC - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,690 shares of the semiconductor company's stock after acquiring an additional 6,507 shares during the period. Vanguard Group Inc. owned about 5.86% of NVE worth $18,082,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVEC. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of NVE in the 1st quarter worth approximately $382,000. US Bancorp DE boosted its position in NVE by 6.6% during the first quarter. US Bancorp DE now owns 4,794 shares of the semiconductor company's stock valued at $306,000 after buying an additional 296 shares during the period. Royce & Associates LP grew its stake in shares of NVE by 0.3% during the first quarter. Royce & Associates LP now owns 489,820 shares of the semiconductor company's stock valued at $31,221,000 after buying an additional 1,500 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NVE in the first quarter worth about $3,908,000. Finally, Isthmus Partners LLC increased its stake in NVE by 0.9% in the 1st quarter. Isthmus Partners LLC now owns 43,567 shares of the semiconductor company's stock worth $2,777,000 after purchasing an additional 376 shares during the period. 65.95% of the stock is owned by hedge funds and other institutional investors.

NVE Trading Up 2.9%

Shares of NASDAQ:NVEC traded up $1.86 during trading on Thursday, reaching $65.26. 24,580 shares of the company traded hands, compared to its average volume of 42,233. NVE Corporation has a 52-week low of $51.50 and a 52-week high of $88.50. The firm has a market capitalization of $315.86 million, a price-to-earnings ratio of 21.75 and a beta of 1.24. The business's fifty day moving average is $68.60 and its 200-day moving average is $67.11.

NVE (NASDAQ:NVEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.74 EPS for the quarter. The company had revenue of $6.11 million during the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%.

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 4th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.00 annualized dividend and a dividend yield of 6.1%. NVE's dividend payout ratio (DPR) is presently 133.33%.

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.