NVE Co. (NASDAQ:NVEC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of NVE Co. (NASDAQ:NVEC) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,032 shares of the semiconductor company’s stock after purchasing an additional 1,828 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.31% of NVE worth $1,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC boosted its holdings in NVE by 4.1% in the third quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock valued at $512,000 after purchasing an additional 250 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its position in shares of NVE by 0.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock worth $2,913,000 after buying an additional 300 shares in the last quarter. Isthmus Partners LLC grew its position in shares of NVE by 0.6% during the second quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after buying an additional 325 shares in the last quarter. Foundry Partners LLC increased its stake in shares of NVE by 1.0% in the third quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock worth $2,833,000 after buying an additional 340 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in NVE by 13.0% in the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Price Performance

Shares of NVEC stock opened at $78.69 on Wednesday. The firm has a fifty day moving average of $78.05 and a two-hundred day moving average of $78.16. The firm has a market cap of $380.39 million, a P/E ratio of 23.56 and a beta of 1.14. NVE Co. has a 1-year low of $69.86 and a 1-year high of $90.24.

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 4th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, November 4th. This represents a $4.00 annualized dividend and a yield of 5.08%. NVE’s payout ratio is 119.76%.

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.