State Street Corp Grows Stock Holdings in NVE Co. (NASDAQ:NVEC)

State Street Corp lifted its stake in NVE Co. (NASDAQ:NVEC - Free Report) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,932 shares of the semiconductor company's stock after purchasing an additional 14,959 shares during the quarter. State Street Corp owned about 3.35% of NVE worth $12,934,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of NVE in the third quarter worth about $110,000. FMR LLC raised its stake in NVE by 870.3% in the 3rd quarter. FMR LLC now owns 2,154 shares of the semiconductor company's stock worth $172,000 after acquiring an additional 1,932 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of NVE by 144.8% in the third quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company's stock worth $358,000 after purchasing an additional 2,652 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NVE by 13.0% during the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company's stock worth $412,000 after purchasing an additional 637 shares during the period. Finally, Kings Path Partners LLC purchased a new stake in NVE in the second quarter valued at approximately $443,000. Institutional investors own 65.95% of the company's stock.

NVE Trading Up 1.9 %

NVEC traded up $1.59 during midday trading on Thursday, hitting $84.39. 18,915 shares of the company were exchanged, compared to its average volume of 21,763. The firm has a market capitalization of $407.94 million, a price-to-earnings ratio of 25.27 and a beta of 1.14. The company's 50 day simple moving average is $78.18 and its 200 day simple moving average is $78.33. NVE Co. has a 1-year low of $69.86 and a 1-year high of $90.24.

NVE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were issued a $1.00 dividend. The ex-dividend date was Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a yield of 4.74%. NVE's payout ratio is 119.76%.

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.