NVE Co. (NASDAQ:NVEC) Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in NVE Co. (NASDAQ:NVEC) by 199.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,540 shares of the semiconductor company’s stock after purchasing an additional 15,005 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.47% of NVE worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NVEC. Wilmington Savings Fund Society FSB purchased a new position in NVE during the 3rd quarter valued at about $67,000. SG Americas Securities LLC purchased a new position in NVE during the 3rd quarter valued at about $110,000. FMR LLC grew its stake in 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 in the last quarter. BNP Paribas Financial Markets grew its stake in NVE by 144.8% during the 3rd 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. Finally, Round Rock Advisors LLC purchased a new position in NVE during the 4th quarter valued at about $535,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Price Performance

NASDAQ:NVEC opened at $73.82 on Friday. NVE Co. has a fifty-two week low of $67.35 and a fifty-two week high of $90.24. The stock’s 50-day moving average is $77.33 and its two-hundred day moving average is $78.14. The stock has a market cap of $357.29 million, a PE ratio of 23.81 and a beta of 1.11.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share for the quarter. NVE had a return on equity of 23.21% and a net margin of 58.33%.

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, February 3rd. This represents a $4.00 annualized dividend and a dividend yield of 5.42%. NVE’s dividend payout ratio is 129.03%.

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.