GSA Capital Partners LLP acquired a new position in NVE Co. (NASDAQ:NVEC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,533 shares of the semiconductor company's stock, valued at approximately $761,000. GSA Capital Partners LLP owned about 0.20% of NVE as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of NVEC. SG Americas Securities LLC acquired a new position in shares of NVE in the 3rd quarter valued at about $110,000. Sequoia Financial Advisors LLC bought a new stake in NVE during the second quarter worth $238,000. Principal Financial Group Inc. boosted its position in NVE by 13.0% in the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company's stock worth $412,000 after purchasing an additional 637 shares during the last quarter. Kings Path Partners LLC bought a new position in NVE in the 2nd quarter valued at $443,000. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of NVE during the 2nd quarter valued at $460,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.
NVE Trading Down 0.5 %
Shares of NASDAQ:NVEC traded down $0.36 during midday trading on Monday, reaching $74.62. The company had a trading volume of 27,124 shares, compared to its average volume of 21,844. NVE Co. has a 52-week low of $69.65 and a 52-week high of $90.24. The company's 50 day moving average price is $78.13 and its 200 day moving average price is $78.00. The stock has a market cap of $360.41 million, a P/E ratio of 22.34 and a beta of 1.15.
NVE Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Monday, November 4th. NVE's dividend payout ratio (DPR) is 119.76%.
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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