Russell Investments Group Ltd. decreased its stake in shares of NVE Co. (NASDAQ:NVEC - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,428 shares of the semiconductor company's stock after selling 5,511 shares during the period. Russell Investments Group Ltd. owned 1.10% of NVE worth $4,351,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of NVE by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,980 shares of the semiconductor company's stock worth $731,000 after purchasing an additional 297 shares in the last quarter. Wells Fargo & Company MN raised its position in NVE by 1.8% in the 4th quarter. Wells Fargo & Company MN now owns 23,332 shares of the semiconductor company's stock worth $1,900,000 after purchasing an additional 423 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in NVE during the 4th quarter worth $284,000. Geode Capital Management LLC boosted its position in NVE by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 139,280 shares of the semiconductor company's stock valued at $11,344,000 after buying an additional 4,667 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of NVE by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 70,119 shares of the semiconductor company's stock valued at $5,710,000 after buying an additional 1,981 shares during the period. Institutional investors and hedge funds own 65.95% of the company's stock.
NVE Price Performance
Shares of NVEC stock traded up $0.12 on Friday, reaching $57.09. 27,121 shares of the stock were exchanged, compared to its average volume of 22,259. The stock has a 50 day moving average price of $65.16 and a 200 day moving average price of $73.54. The stock has a market cap of $276.14 million, a PE ratio of 18.42 and a beta of 1.05. NVE Co. has a one year low of $51.50 and a one year high of $89.98.
NVE (NASDAQ:NVEC - Get Free Report) last announced its quarterly earnings data 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.01%. NVE's dividend payout ratio (DPR) is presently 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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