Round Rock Advisors LLC Invests $535,000 in NVE Co. (NASDAQ:NVEC)

Round Rock Advisors LLC purchased a new stake in shares of NVE Co. (NASDAQ:NVEC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,575 shares of the semiconductor company's stock, valued at approximately $535,000. Round Rock Advisors LLC owned approximately 0.14% of NVE as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NVEC. SG Americas Securities LLC boosted its stake in NVE by 86.3% during the 4th quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company's stock valued at $209,000 after purchasing an additional 1,188 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVE during the third quarter valued at $67,000. Barclays PLC increased its holdings in NVE by 317.0% in the 3rd quarter. Barclays PLC now owns 6,863 shares of the semiconductor company's stock worth $549,000 after buying an additional 5,217 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in NVE by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company's stock worth $10,754,000 after buying an additional 9,763 shares during the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

NVE Stock Performance

NVEC opened at $71.66 on Friday. The company's 50-day simple moving average is $78.70 and its two-hundred day simple moving average is $79.22. NVE Co. has a 52-week low of $67.35 and a 52-week high of $90.24. The stock has a market capitalization of $346.83 million, a P/E ratio of 23.12 and a beta of 1.12.

NVE (NASDAQ:NVEC - Get Free Report) last issued 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%.

NVE Announces Dividend

The company 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. This represents a $4.00 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Monday, February 3rd. NVE's dividend payout ratio (DPR) is presently 129.03%.

About NVE

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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