Geode Capital Management LLC Increases Stock Position in NVE Co. (NASDAQ:NVEC)

Geode Capital Management LLC raised its stake in NVE Co. (NASDAQ:NVEC) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,613 shares of the semiconductor company’s stock after acquiring an additional 9,763 shares during the period. Geode Capital Management LLC owned 2.78% of NVE worth $10,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in NVEC. SG Americas Securities LLC acquired a new stake in shares of NVE in the 3rd quarter valued at about $110,000. FMR LLC boosted its holdings in shares of NVE by 870.3% in the third 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 period. BNP Paribas Financial Markets grew its position in shares of NVE by 144.8% during the third 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 during the last quarter. Principal Financial Group Inc. grew its position 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 worth $412,000 after acquiring an additional 637 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in shares of NVE in the 2nd quarter valued at $460,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Price Performance

Shares of NASDAQ:NVEC opened at $81.43 on Wednesday. NVE Co. has a 1-year low of $69.86 and a 1-year high of $90.24. The stock has a market cap of $393.63 million, a P/E ratio of 24.38 and a beta of 1.14. The firm has a fifty day moving average price of $78.27 and a 200 day moving average price of $78.40.

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 dividend yield of 4.91%. The ex-dividend date was Monday, November 4th. 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.