Exchange Traded Concepts LLC Trims Stock Position in NVE Co. (NASDAQ:NVEC)

Exchange Traded Concepts LLC decreased its stake in NVE Co. (NASDAQ:NVEC) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,884 shares of the semiconductor company’s stock after selling 850 shares during the period. Exchange Traded Concepts LLC owned 0.08% of NVE worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVEC. SG Americas Securities LLC purchased a new position in shares of NVE during the third quarter worth about $110,000. Precision Wealth Strategies LLC purchased a new position in NVE during the 1st quarter worth approximately $206,000. Sequoia Financial Advisors LLC purchased a new position in NVE during the 2nd quarter worth approximately $238,000. Principal Financial Group Inc. acquired a new position in NVE during the first quarter worth approximately $440,000. Finally, Private Advisor Group LLC lifted its stake in NVE by 2.4% in the first quarter. Private Advisor Group LLC now owns 5,340 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 125 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVE news, Director Terrence Glarner sold 344 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the sale, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $94,452. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

NVE Trading Down 1.6 %

Shares of NVEC opened at $79.74 on Friday. The company’s 50 day simple moving average is $79.29 and its 200-day simple moving average is $78.67. NVE Co. has a 12-month low of $64.14 and a 12-month high of $90.24. The firm has a market cap of $385.14 million, a PE ratio of 22.85 and a beta of 1.14.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $0.85 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 for the quarter.

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.