NVE Co. (NASDAQ:NVEC) Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of NVE Co. (NASDAQ:NVEC - Free Report) by 199.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,540 shares of the semiconductor company's stock after acquiring an additional 15,005 shares during the period. Allspring Global Investments Holdings LLC owned 0.47% of NVE worth $1,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in NVE by 7.8% in the third quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company's stock worth $10,754,000 after purchasing an additional 9,763 shares during the period. Barclays PLC increased its position in shares of NVE by 317.0% in the 3rd quarter. Barclays PLC now owns 6,863 shares of the semiconductor company's stock valued at $549,000 after acquiring an additional 5,217 shares during the period. JPMorgan Chase & Co. lifted 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 period. State Street Corp increased its holdings in NVE by 10.2% in the third quarter. State Street Corp now owns 161,932 shares of the semiconductor company's stock valued at $12,934,000 after buying an additional 14,959 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of NVE in the third quarter valued at about $761,000. 65.95% of the stock is currently owned by institutional investors.

NVE Price Performance

NASDAQ NVEC traded up $0.50 during trading hours on Wednesday, hitting $71.33. 3,067 shares of the company's stock traded hands, compared to its average volume of 25,363. The firm's 50-day moving average is $77.02 and its 200-day moving average is $78.03. NVE Co. has a 52-week low of $67.35 and a 52-week high of $90.24. The company has a market capitalization of $345.02 million, a PE ratio of 23.01 and a beta of 1.11.

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

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.00 annualized dividend and a dividend yield of 5.61%. NVE's dividend payout ratio is currently 129.03%.

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.