Fmr LLC Boosts Stock Position in NVE Co. (NASDAQ:NVEC)

Fmr LLC boosted its position in NVE Co. (NASDAQ:NVEC) by 870.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,154 shares of the semiconductor company’s stock after purchasing an additional 1,932 shares during the period. Fmr LLC’s holdings in NVE were worth $172,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NVEC. Koss Olinger Consulting LLC lifted its holdings in shares of NVE by 4.1% in the 3rd quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock worth $512,000 after acquiring an additional 250 shares during the last quarter. Silverberg Bernstein Capital Management LLC boosted its holdings 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 in the last quarter. Isthmus Partners LLC raised its stake in NVE by 0.6% in the second quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after buying an additional 325 shares in the last quarter. Foundry Partners LLC increased its stake in shares of 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 acquiring an additional 340 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of NVE by 13.0% during the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Stock Performance

Shares of NVE stock opened at $77.50 on Friday. The stock has a market capitalization of $374.64 million, a PE ratio of 23.20 and a beta of 1.14. The company has a 50-day simple moving average of $77.95 and a two-hundred day simple moving average of $78.16. NVE Co. has a 52-week low of $69.86 and a 52-week high of $90.24.

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 4th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.16%. NVE’s dividend payout ratio is currently 119.76%.

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.