Geode Capital Management LLC Acquires 4,667 Shares of NVE Co. (NASDAQ:NVEC)

Geode Capital Management LLC raised its stake in NVE Co. (NASDAQ:NVEC - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,280 shares of the semiconductor company's stock after acquiring an additional 4,667 shares during the period. Geode Capital Management LLC owned about 2.88% of NVE worth $11,344,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in shares of NVE by 10.2% during the third quarter. State Street Corp now owns 161,932 shares of the semiconductor company's stock valued at $12,934,000 after acquiring an additional 14,959 shares during the period. Barclays PLC boosted its position in shares of NVE by 317.0% during the third quarter. Barclays PLC now owns 6,863 shares of the semiconductor company's stock worth $549,000 after buying an additional 5,217 shares during the period. Wilmington Savings Fund Society FSB bought a new position in NVE in the third quarter valued at $67,000. JPMorgan Chase & Co. boosted its position in NVE by 2,792.1% during the third quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company's stock valued at $5,442,000 after purchasing an additional 65,782 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of NVE by 86.3% in the fourth quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company's stock valued at $209,000 after buying an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 65.95% of the company's stock.

NVE Stock Up 1.1 %

Shares of NVEC stock traded up $0.63 on Friday, reaching $58.47. The stock had a trading volume of 13,675 shares, compared to its average volume of 22,413. The firm's 50-day moving average is $63.50 and its two-hundred day moving average is $72.82. The firm has a market capitalization of $282.82 million, a price-to-earnings ratio of 18.86 and a beta of 1.05. NVE Co. has a 12 month low of $51.50 and a 12 month high of $89.98.

NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%.

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.