BNP Paribas Financial Markets Raises Stock Holdings in NVE Co. (NASDAQ:NVEC)

BNP Paribas Financial Markets boosted its holdings in NVE Co. (NASDAQ:NVEC) by 144.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,484 shares of the semiconductor company’s stock after buying an additional 2,652 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of NVE worth $358,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC raised its position 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 buying an additional 1,932 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in NVE by 13.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,032 shares of the semiconductor company’s stock worth $1,201,000 after buying an additional 1,828 shares during the last quarter. Foundry Partners LLC raised its position in NVE by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock worth $2,833,000 after buying an additional 340 shares during the last quarter. GSA Capital Partners LLP purchased a new position in NVE in the 3rd quarter worth about $761,000. Finally, Koss Olinger Consulting LLC increased its position in shares of NVE by 4.1% during the 3rd quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock valued at $512,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Stock Up 1.2 %

NASDAQ NVEC opened at $78.02 on Friday. NVE Co. has a 52 week low of $69.86 and a 52 week high of $90.24. The firm has a market capitalization of $377.15 million, a P/E ratio of 23.36 and a beta of 1.14. The company has a 50-day moving average price of $78.00 and a 200-day moving average price of $78.11.

NVE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Monday, November 4th. NVE’s payout ratio is currently 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.