NVE Co. (NASDAQ:NVEC) Shares Purchased by Barclays PLC

Barclays PLC raised its position in NVE Co. (NASDAQ:NVEC) by 317.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,863 shares of the semiconductor company’s stock after acquiring an additional 5,217 shares during the quarter. Barclays PLC owned 0.14% of NVE worth $549,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVEC. SG Americas Securities LLC purchased a new position in shares of NVE in the third quarter valued at $110,000. FMR LLC boosted its position in NVE by 870.3% in the 3rd 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. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 2,652 shares in the last quarter. Koss Olinger Consulting LLC increased its position in shares of 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 acquiring an additional 250 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of NVE by 10.9% in the second quarter. American Century Companies Inc. now owns 8,945 shares of the semiconductor company’s stock worth $668,000 after acquiring an additional 876 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Stock Up 1.8 %

Shares of NASDAQ NVEC opened at $81.22 on Friday. NVE Co. has a fifty-two week low of $70.00 and a fifty-two week high of $90.24. The business has a 50 day moving average price of $79.41 and a two-hundred day moving average price of $79.21. The firm has a market cap of $392.62 million, a PE ratio of 24.32 and a beta of 1.12.

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 paid a $1.00 dividend. The ex-dividend date was Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.92%. NVE’s dividend payout ratio (DPR) 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.