Allspring Global Investments Holdings LLC Trims Stock Holdings in NVE Co. (NASDAQ:NVEC)

Allspring Global Investments Holdings LLC trimmed its holdings in NVE Co. (NASDAQ:NVEC) by 62.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,801 shares of the semiconductor company’s stock after selling 11,151 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NVE were worth $533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of NVE in the fourth quarter worth approximately $104,000. Watershed Asset Management L.L.C. bought a new position in NVE in the third quarter worth approximately $254,000. Navellier & Associates Inc. bought a new position in NVE in the third quarter worth approximately $275,000. Denali Advisors LLC grew its stake in NVE by 20.6% in the third quarter. Denali Advisors LLC now owns 4,100 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 700 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in NVE by 27.6% in the third quarter. Private Advisor Group LLC now owns 4,681 shares of the semiconductor company’s stock worth $384,000 after purchasing an additional 1,012 shares in the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

NVE Stock Down 1.3 %

Shares of NASDAQ:NVEC opened at $79.37 on Friday. NVE Co. has a 52-week low of $64.14 and a 52-week high of $100.19. The stock has a market cap of $383.36 million, a P/E ratio of 17.80 and a beta of 1.19. The business’s 50 day moving average is $83.61 and its 200 day moving average is $77.97.

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.