NVE Co. (NASDAQ:NVEC) Stake Decreased by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of NVE Co. (NASDAQ:NVEC) by 15.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,354 shares of the semiconductor company’s stock after selling 1,198 shares during the period. Jane Street Group LLC owned 0.13% of NVE worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of NVE by 10.2% during the third quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock valued at $12,934,000 after buying an additional 14,959 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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 valued at $358,000 after buying an additional 2,652 shares during the last quarter. FMR LLC raised its holdings in shares of NVE by 870.3% during the third quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 1,932 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NVE by 13.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,032 shares of the semiconductor company’s stock valued at $1,201,000 after buying an additional 1,828 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings 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 purchasing an additional 340 shares in the last quarter. Institutional investors own 65.95% of the company’s stock.

NVE Price Performance

Shares of NASDAQ:NVEC opened at $86.03 on Monday. NVE Co. has a 12 month low of $69.86 and a 12 month high of $90.24. The stock has a market cap of $415.87 million, a price-to-earnings ratio of 25.76 and a beta of 1.14. The stock’s 50 day moving average price is $78.72 and its 200 day moving average price is $78.68.

NVE Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, November 4th. This represents a $4.00 annualized dividend and a yield of 4.65%. NVE’s payout ratio 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.