Proficio Capital Partners LLC acquired a new stake in shares of NVE Co. (NASDAQ:NVEC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,963 shares of the semiconductor company's stock, valued at approximately $1,870,000. Proficio Capital Partners LLC owned 0.47% of NVE at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Canton Hathaway LLC purchased a new position in NVE during the fourth quarter valued at $84,000. Cardinal Capital Management boosted its holdings in shares of NVE by 4.5% during the 4th quarter. Cardinal Capital Management now owns 13,860 shares of the semiconductor company's stock valued at $1,129,000 after purchasing an additional 602 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of NVE by 199.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company's stock valued at $1,862,000 after purchasing an additional 15,005 shares in the last quarter. Round Rock Advisors LLC bought a new stake in shares of NVE in the fourth quarter worth about $535,000. Finally, SG Americas Securities LLC lifted its position 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 worth $209,000 after buying an additional 1,188 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company's stock.
NVE Stock Down 3.0 %
NASDAQ NVEC traded down $2.03 during trading on Monday, hitting $65.38. 15,562 shares of the stock traded hands, compared to its average volume of 20,607. NVE Co. has a 12-month low of $63.89 and a 12-month high of $90.24. The firm has a 50-day simple moving average of $74.83 and a 200-day simple moving average of $77.29. The company has a market capitalization of $316.24 million, a P/E ratio of 21.09 and a beta of 1.08.
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 net margin of 58.33% and a return on equity of 23.21%.
NVE Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date was Monday, February 3rd. NVE's payout ratio is 129.03%.
NVE Profile
(
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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