Dimensional Fund Advisors LP Has $8.97 Million Holdings in NVE Co. (NASDAQ:NVEC)

Dimensional Fund Advisors LP lessened its position in shares of NVE Co. (NASDAQ:NVEC) by 0.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 120,028 shares of the semiconductor company’s stock after selling 409 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.48% of NVE worth $8,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Precision Wealth Strategies LLC acquired a new stake in shares of NVE during the 1st quarter worth approximately $206,000. Sequoia Financial Advisors LLC bought a new position in NVE during the 2nd quarter valued at $238,000. Principal Financial Group Inc. purchased a new position in NVE during the 1st quarter worth $440,000. Private Advisor Group LLC boosted its holdings in NVE by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 5,340 shares of the semiconductor company’s stock worth $482,000 after acquiring an additional 125 shares during the last quarter. Finally, Kings Path Partners LLC purchased a new position in NVE during the 2nd quarter worth $443,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

Insider Buying and Selling

In related news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $78.71, for a total value of $27,076.24. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $94,452. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

NVE Price Performance

NVEC opened at $77.77 on Tuesday. The company has a market capitalization of $375.94 million, a price-to-earnings ratio of 21.91 and a beta of 1.14. The firm’s fifty day moving average price is $79.69 and its two-hundred day moving average price is $79.12. NVE Co. has a 1 year low of $64.14 and a 1 year high of $90.24.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share for the quarter. The company had revenue of $6.78 million for the quarter. NVE had a net margin of 60.60% and a return on equity of 25.53%.

NVE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, July 29th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, July 29th. NVE’s dividend payout ratio (DPR) is currently 112.68%.

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.