Sei Investments Co. Sells 529 Shares of NVE Co. (NASDAQ:NVEC)

Sei Investments Co. reduced its stake in shares of NVE Co. (NASDAQ:NVEC) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,841 shares of the semiconductor company’s stock after selling 529 shares during the quarter. Sei Investments Co. owned about 0.20% of NVE worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NVEC. Norden Group LLC acquired a new position in NVE during the first quarter valued at approximately $1,365,000. Isthmus Partners LLC grew its holdings in shares of NVE by 36.0% in the 1st quarter. Isthmus Partners LLC now owns 51,166 shares of the semiconductor company’s stock valued at $4,614,000 after buying an additional 13,539 shares during the period. Cardinal Capital Management bought a new stake in shares of NVE in the 1st quarter valued at $1,009,000. Oppenheimer & Close LLC acquired a new stake in NVE during the 2nd quarter worth $575,000. Finally, Foundry Partners LLC lifted its holdings in NVE by 27.4% during the first quarter. Foundry Partners LLC now owns 35,585 shares of the semiconductor company’s stock worth $3,209,000 after acquiring an additional 7,660 shares in the last quarter. 65.95% of the stock is owned by institutional investors.

NVE Trading Up 0.8 %

NASDAQ:NVEC opened at $78.43 on Wednesday. The stock has a market cap of $379.13 million, a price-to-earnings ratio of 22.09 and a beta of 1.14. The stock has a 50-day moving average price of $79.59 and a two-hundred day moving average price of $79.07. NVE Co. has a 1 year low of $64.14 and a 1 year high of $90.24.

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

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, July 29th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $4.00 annualized dividend and a yield of 5.10%. NVE’s dividend payout ratio is currently 112.68%.

Insider Buying and Selling

In other NVE news, Director Terrence Glarner sold 344 shares of NVE stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $78.71, for a total value of $27,076.24. Following the sale, the director now owns 1,200 shares of the company’s stock, valued at $94,452. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

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.