NVE Co. (NASDAQ:NVEC) Shares Bought by Royce & Associates LP

Royce & Associates LP increased its holdings in NVE Co. (NASDAQ:NVEC) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 488,320 shares of the semiconductor company’s stock after buying an additional 5,328 shares during the quarter. Royce & Associates LP owned about 10.09% of NVE worth $39,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVEC. JPMorgan Chase & Co. increased its holdings in NVE by 2,792.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock worth $5,442,000 after buying an additional 65,782 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of NVE during the 4th quarter worth approximately $1,870,000. Raymond James Financial Inc. acquired a new stake in shares of NVE during the 4th quarter worth approximately $1,486,000. Allspring Global Investments Holdings LLC grew its stake in shares of NVE by 199.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company’s stock worth $1,862,000 after purchasing an additional 15,005 shares during the period. Finally, State Street Corp grew its stake 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. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Price Performance

Shares of NASDAQ NVEC opened at $65.40 on Friday. The stock has a market capitalization of $316.34 million, a price-to-earnings ratio of 21.10 and a beta of 1.08. NVE Co. has a 12 month low of $63.81 and a 12 month high of $90.24. The firm’s 50 day simple moving average is $73.07 and its 200-day simple moving average is $76.70.

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

NVE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were given a dividend of $1.00 per share. The ex-dividend date was Monday, February 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 6.12%. NVE’s dividend payout ratio (DPR) is 129.03%.

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.