NVE Corporation Plans Quarterly Dividend of $1.00 (NASDAQ:NVEC)

Key Points

• NVE Corporation has declared a quarterly dividend of $1.00 per share, with an annualized yield of 5.7%, payable on November 28th.
• The semiconductor company reported earnings of $0.68 per share for the last quarter, with a net margin of 57.71%.
• Institutional investors own 65.95% of NVE's stock, with notable increases in holdings from firms like American Century Companies Inc. and US Bancorp DE.

NVE Corporation (NASDAQ:NVEC - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Monday, November 3rd will be given a dividend of 1.00 per share by the semiconductor company on Friday, November 28th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Monday, November 3rd.

NVE Price Performance

NASDAQ:NVEC opened at $70.60 on Thursday. The stock has a market cap of $341.70 million, a P/E ratio of 23.53 and a beta of 1.22. The company has a fifty day moving average price of $66.96 and a 200 day moving average price of $67.39. NVE has a one year low of $51.50 and a one year high of $88.50.

NVE (NASDAQ:NVEC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NVE by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company's stock worth $183,000 after buying an additional 156 shares in the last quarter. Isthmus Partners LLC grew its position in shares of NVE by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 43,812 shares of the semiconductor company's stock worth $3,225,000 after buying an additional 245 shares during the period. US Bancorp DE raised its stake in shares of NVE by 6.6% during the first quarter. US Bancorp DE now owns 4,794 shares of the semiconductor company's stock worth $306,000 after buying an additional 296 shares during the last quarter. American Century Companies Inc. lifted its holdings in NVE by 12.0% in the first quarter. American Century Companies Inc. now owns 12,469 shares of the semiconductor company's stock valued at $795,000 after buying an additional 1,332 shares during the period. Finally, Royce & Associates LP boosted its stake in NVE by 0.3% in the first quarter. Royce & Associates LP now owns 489,820 shares of the semiconductor company's stock valued at $31,221,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 65.95% of the company's stock.

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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