JPMorgan Chase & Co. Has $5.44 Million Stock Position in NVE Co. (NASDAQ:NVEC)

JPMorgan Chase & Co. increased its holdings in NVE Co. (NASDAQ:NVEC) by 2,792.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,138 shares of the semiconductor company’s stock after acquiring an additional 65,782 shares during the period. JPMorgan Chase & Co. owned about 1.41% of NVE worth $5,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NVEC. Private Advisor Group LLC lifted its position in shares of NVE by 45.5% in the second quarter. Private Advisor Group LLC now owns 7,769 shares of the semiconductor company’s stock worth $580,000 after purchasing an additional 2,429 shares in the last quarter. American Century Companies Inc. lifted its position in NVE by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 8,945 shares of the semiconductor company’s stock worth $668,000 after buying an additional 876 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of NVE during the 3rd quarter valued at $110,000. Silverberg Bernstein Capital Management LLC grew its holdings in shares of NVE by 0.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock valued at $2,913,000 after acquiring an additional 300 shares in the last quarter. Finally, Kings Path Partners LLC grew its holdings in shares of NVE by 76.4% during the 3rd quarter. Kings Path Partners LLC now owns 10,451 shares of the semiconductor company’s stock valued at $835,000 after acquiring an additional 4,526 shares in the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.

NVE Trading Down 2.3 %

Shares of NASDAQ:NVEC opened at $79.76 on Friday. The firm has a market cap of $385.24 million, a price-to-earnings ratio of 23.88 and a beta of 1.12. NVE Co. has a 1 year low of $69.86 and a 1 year high of $90.24. The business has a fifty day simple moving average of $79.49 and a 200 day simple moving average of $79.15.

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Monday, November 4th. NVE’s dividend payout ratio (DPR) is presently 119.76%.

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.