SG Americas Securities LLC Makes New $104,000 Investment in NVE Co. (NASDAQ:NVEC)

SG Americas Securities LLC acquired a new stake in shares of NVE Co. (NASDAQ:NVEC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,327 shares of the semiconductor company’s stock, valued at approximately $104,000.

Several other large investors have also recently modified their holdings of the stock. Advisor Group Holdings Inc. increased its stake in NVE by 97.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 768 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 380 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of NVE by 4.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,279 shares of the semiconductor company’s stock worth $723,000 after buying an additional 552 shares during the period. Bank of New York Mellon Corp raised its holdings in NVE by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 86,205 shares of the semiconductor company’s stock valued at $4,696,000 after buying an additional 3,011 shares during the last quarter. MetLife Investment Management LLC grew its holdings in NVE by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 3,201 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 1,131 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of NVE by 21.2% in the first quarter. Vanguard Group Inc. now owns 326,132 shares of the semiconductor company’s stock valued at $17,764,000 after acquiring an additional 56,942 shares during the period. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Trading Down 3.3 %

NVE stock opened at $78.00 on Friday. The firm has a market cap of $376.74 million, a P/E ratio of 17.49 and a beta of 1.19. NVE Co. has a 1-year low of $64.14 and a 1-year high of $100.19. The firm has a 50-day moving average of $83.76 and a 200-day moving average of $78.00.

NVE (NASDAQ:NVEC) last released its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $0.87 EPS for the quarter. The business had revenue of $6.76 million during the quarter. NVE had a return on equity of 32.31% and a net margin of 60.66%.

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.