State Street Corp Has $12.93 Million Stake in NVE Co. (NASDAQ:NVEC)

State Street Corp increased its position in NVE Co. (NASDAQ:NVEC) by 10.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,932 shares of the semiconductor company’s stock after buying an additional 14,959 shares during the period. State Street Corp owned 3.35% of NVE worth $12,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVEC. GSA Capital Partners LLP acquired a new position in shares of NVE during the 3rd quarter worth $761,000. BNP Paribas Financial Markets boosted its stake in shares of NVE by 144.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company’s stock worth $358,000 after acquiring an additional 2,652 shares in the last quarter. FMR LLC increased its holdings in shares of NVE by 870.3% during the 3rd quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 1,932 shares during the last quarter. Isthmus Partners LLC boosted its position in NVE by 0.6% during the second quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after purchasing an additional 325 shares during the period. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in NVE by 0.8% during 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 purchasing an additional 300 shares during the last quarter. Institutional investors own 65.95% of the company’s stock.

NVE Stock Up 2.3 %

NASDAQ:NVEC opened at $82.80 on Thursday. The company’s 50 day moving average is $78.11 and its 200-day moving average is $78.29. The firm has a market cap of $400.26 million, a price-to-earnings ratio of 24.79 and a beta of 1.14. NVE Co. has a 12 month low of $69.86 and a 12 month high of $90.24.

NVE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 4th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Monday, November 4th. NVE’s dividend payout ratio (DPR) is 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.