Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of NVE Corp (NASDAQ:NVEC) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,332 shares of the semiconductor company’s stock after selling 170 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in NVE were worth $2,218,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in NVE by 1.2% during the 3rd quarter. BlackRock Inc. now owns 350,595 shares of the semiconductor company’s stock worth $37,120,000 after acquiring an additional 4,261 shares during the last quarter. Prudential Financial Inc. boosted its stake in NVE by 26.6% during the 3rd quarter. Prudential Financial Inc. now owns 10,617 shares of the semiconductor company’s stock worth $1,124,000 after acquiring an additional 2,228 shares during the last quarter. Teachers Advisors LLC boosted its stake in NVE by 8.6% during the 3rd quarter. Teachers Advisors LLC now owns 9,844 shares of the semiconductor company’s stock worth $1,042,000 after acquiring an additional 783 shares during the last quarter. Isthmus Partners LLC boosted its stake in NVE by 11.7% during the 4th quarter. Isthmus Partners LLC now owns 12,121 shares of the semiconductor company’s stock worth $1,061,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Cowen Prime Services LLC boosted its stake in NVE by 5.7% during the 4th quarter. Cowen Prime Services LLC now owns 9,231 shares of the semiconductor company’s stock worth $808,000 after acquiring an additional 500 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
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Shares of NVEC opened at $101.50 on Friday. NVE Corp has a twelve month low of $72.61 and a twelve month high of $135.00. The company has a market capitalization of $492.28 million, a price-to-earnings ratio of 32.13 and a beta of 1.25.
NVE (NASDAQ:NVEC) last announced its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $0.71 earnings per share for the quarter. NVE had a net margin of 53.96% and a return on equity of 18.22%. The firm had revenue of $6.27 million for the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Monday, February 4th were issued a $1.00 dividend. The ex-dividend date was Friday, February 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.94%.
Several research analysts recently weighed in on the stock. BidaskClub raised shares of NVE from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 21st. ValuEngine raised shares of NVE from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.
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NVE Company Profile
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.
Further Reading: Stock Split
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