Barclays PLC Grows Holdings in NVE Co. (NASDAQ:NVEC)

Barclays PLC boosted its holdings in shares of NVE Co. (NASDAQ:NVEC) by 317.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,863 shares of the semiconductor company’s stock after buying an additional 5,217 shares during the quarter. Barclays PLC owned 0.14% of NVE worth $549,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NVEC. Koss Olinger Consulting LLC increased its position in NVE by 4.1% during the third quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock worth $512,000 after buying an additional 250 shares during the period. Silverberg Bernstein Capital Management LLC increased its position in NVE by 0.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock worth $2,913,000 after purchasing an additional 300 shares in 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 acquiring an additional 325 shares during the last quarter. Foundry Partners LLC lifted its position in NVE by 1.0% during the third 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 period. Finally, Principal Financial Group Inc. boosted its position in shares of NVE by 13.0% in 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. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Trading Up 1.5 %

NVEC stock opened at $82.62 on Friday. NVE Co. has a 12-month low of $69.86 and a 12-month high of $90.24. The stock has a 50-day moving average price of $78.53 and a two-hundred day moving average price of $78.50. The company has a market cap of $399.39 million, a PE ratio of 24.74 and a beta of 1.14.

NVE Announces Dividend

The business also recently disclosed 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Monday, November 4th. NVE’s dividend payout ratio is presently 119.76%.

NVE 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.