Daiwa Securities Group Inc. Sells 1,600 Shares of NVE Co. (NASDAQ:NVEC)

Daiwa Securities Group Inc. trimmed its holdings in shares of NVE Co. (NASDAQ:NVEC) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,054 shares of the semiconductor company’s stock after selling 1,600 shares during the period. Daiwa Securities Group Inc. owned about 0.13% of NVE worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Silverberg Bernstein Capital Management LLC bought a new position in NVE during the 4th quarter worth about $2,855,000. SG Americas Securities LLC bought a new stake in shares of NVE in the 4th quarter valued at about $104,000. North Star Investment Management Corp. bought a new stake in shares of NVE in the 4th quarter valued at about $886,000. Vanguard Group Inc. boosted its holdings in shares of NVE by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 249,766 shares of the semiconductor company’s stock valued at $20,516,000 after buying an additional 7,987 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of NVE by 72.9% in the 3rd quarter. Citigroup Inc. now owns 6,370 shares of the semiconductor company’s stock valued at $523,000 after buying an additional 2,686 shares in the last quarter. 65.95% of the stock is currently owned by institutional investors.

NVE Stock Performance

NASDAQ:NVEC opened at $80.39 on Friday. NVE Co. has a fifty-two week low of $64.14 and a fifty-two week high of $100.19. The stock has a market capitalization of $388.61 million, a P/E ratio of 18.02 and a beta of 1.19. The company’s 50-day simple moving average is $83.55 and its 200-day simple moving average is $77.98.

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.