Vanguard Group Inc. Has $18.08 Million Stake in 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 position in NVE Corporation (NASDAQ:NVEC - Free Report) by 2.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 283,690 shares of the semiconductor company's stock after purchasing an additional 6,507 shares during the period. Vanguard Group Inc. owned 5.86% of NVE worth $18,082,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of NVE by 6.6% in the 1st quarter. US Bancorp DE now owns 4,794 shares of the semiconductor company's stock worth $306,000 after purchasing an additional 296 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of NVE by 3.4% in 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. Isthmus Partners LLC lifted its position in shares of NVE by 0.9% during the 1st quarter. Isthmus Partners LLC now owns 43,567 shares of the semiconductor company's stock valued at $2,777,000 after acquiring an additional 376 shares during the period. Barclays PLC lifted its position in shares of NVE by 10.4% during the 4th quarter. Barclays PLC now owns 7,579 shares of the semiconductor company's stock valued at $617,000 after acquiring an additional 716 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of NVE by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,363 shares of the semiconductor company's stock valued at $600,000 after acquiring an additional 939 shares during the period. Institutional investors and hedge funds own 65.95% of the company's stock.

NVE Stock Down 2.2%

NVE stock opened at $64.58 on Friday. NVE Corporation has a 12-month low of $51.50 and a 12-month high of $88.50. The firm's fifty day moving average is $69.24 and its 200 day moving average is $67.36. The company has a market capitalization of $312.57 million, a PE ratio of 21.53 and a beta of 1.19.

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

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 4th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, August 4th. NVE's payout ratio is presently 133.33%.

About NVE

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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