Kayne Anderson Rudnick Investment Management LLC decreased its stake in shares of NVE Co. (NASDAQ:NVEC - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 366,689 shares of the semiconductor company's stock after selling 5,146 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 7.58% of NVE worth $29,860,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of NVEC. JPMorgan Chase & Co. raised its stake in NVE by 2,792.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company's stock valued at $5,442,000 after acquiring an additional 65,782 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in NVE in the fourth quarter worth approximately $1,870,000. Raymond James Financial Inc. purchased a new position in NVE in the 4th quarter worth about $1,486,000. Allspring Global Investments Holdings LLC lifted its position in shares of NVE by 199.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company's stock valued at $1,862,000 after acquiring an additional 15,005 shares in the last quarter. Finally, State Street Corp lifted its stake in NVE by 10.2% in the 3rd quarter. State Street Corp now owns 161,932 shares of the semiconductor company's stock worth $12,934,000 after acquiring an additional 14,959 shares in the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.
NVE Stock Up 2.1 %
Shares of NASDAQ:NVEC traded up $1.20 during trading on Thursday, reaching $57.84. 24,634 shares of the company traded hands, compared to its average volume of 22,397. NVE Co. has a 1-year low of $51.50 and a 1-year high of $89.98. The firm has a fifty day simple moving average of $63.86 and a 200 day simple moving average of $72.96. The firm has a market cap of $279.77 million, a P/E ratio of 18.66 and a beta of 1.05.
NVE (NASDAQ:NVEC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%.
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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