Azzad Asset Management Inc. ADV Reduces Stake in NVE Co. (NASDAQ:NVEC)

Azzad Asset Management Inc. ADV lessened its holdings in NVE Co. (NASDAQ:NVEC) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,240 shares of the semiconductor company’s stock after selling 140 shares during the period. Azzad Asset Management Inc. ADV owned approximately 0.09% of NVE worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC lifted its position in NVE by 0.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock valued at $2,913,000 after acquiring an additional 300 shares during the last quarter. SG Americas Securities LLC acquired a new stake in NVE during the 3rd quarter valued at $110,000. American Century Companies Inc. boosted its stake in shares of NVE by 10.9% during the second quarter. American Century Companies Inc. now owns 8,945 shares of the semiconductor company’s stock valued at $668,000 after acquiring an additional 876 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of NVE during the 2nd quarter worth about $460,000. Finally, Isthmus Partners LLC grew its stake in NVE by 0.6% in the 2nd quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 65.95% of the company’s stock.

Insider Transactions at NVE

In related news, Director Terrence Glarner sold 344 shares of NVE stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total value of $27,076.24. Following the completion of the sale, the director now owns 1,200 shares of the company’s stock, valued at approximately $94,452. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

NVE Price Performance

Shares of NVEC opened at $78.43 on Wednesday. NVE Co. has a 12 month low of $64.14 and a 12 month high of $90.24. The stock’s 50-day moving average is $79.59 and its two-hundred day moving average is $79.07. The stock has a market cap of $379.13 million, a PE ratio of 22.09 and a beta of 1.14.

NVE (NASDAQ:NVEC) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter. NVE had a net margin of 60.60% and a return on equity of 25.53%. The company had revenue of $6.78 million during the quarter.

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, July 29th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.10%. NVE’s dividend payout ratio is 112.68%.

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.