Rhumbline Advisers Trims Stock Position in NVE Co. (NASDAQ:NVEC)

Rhumbline Advisers trimmed its position in NVE Co. (NASDAQ:NVEC) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,358 shares of the semiconductor company’s stock after selling 179 shares during the quarter. Rhumbline Advisers owned about 1.21% of NVE worth $4,752,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in NVE by 7.8% in the third quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company’s stock valued at $10,754,000 after acquiring an additional 9,763 shares during the last quarter. Barclays PLC raised its position in NVE by 317.0% in the third quarter. Barclays PLC now owns 6,863 shares of the semiconductor company’s stock valued at $549,000 after purchasing an additional 5,217 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of NVE by 2,792.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock valued at $5,442,000 after purchasing an additional 65,782 shares during the last quarter. State Street Corp grew its holdings in shares of NVE by 10.2% during the 3rd quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock worth $12,934,000 after purchasing an additional 14,959 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of NVE during the 3rd quarter worth $761,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Price Performance

Shares of NVEC stock opened at $68.19 on Friday. NVE Co. has a 1-year low of $67.35 and a 1-year high of $90.24. The firm has a market cap of $329.84 million, a PE ratio of 22.00 and a beta of 1.11. The company has a 50-day moving average of $76.68 and a two-hundred day moving average of $77.91.

NVE (NASDAQ:NVEC) last announced its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share (EPS) 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 announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Monday, February 3rd. NVE’s dividend payout ratio (DPR) is 129.03%.

NVE Company 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.