NVE Co. (NASDAQ:NVEC) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of NVE Co. (NASDAQ:NVEC) by 24.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,571 shares of the semiconductor company’s stock after selling 1,475 shares during the period. US Bancorp DE owned 0.09% of NVE worth $365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVEC. Koss Olinger Consulting LLC increased its position in NVE by 4.1% during the 3rd quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock worth $512,000 after purchasing an additional 250 shares in the last quarter. Cardinal Capital Management increased its position in shares of NVE by 12.7% in the third quarter. Cardinal Capital Management now owns 13,258 shares of the semiconductor company’s stock worth $1,059,000 after acquiring an additional 1,498 shares in the last quarter. Kings Path Partners LLC raised its stake in shares of NVE by 76.4% in 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 during the period. Silverberg Bernstein Capital Management LLC lifted 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, SG Americas Securities LLC purchased a new stake in shares of NVE in the third quarter worth about $110,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.

NVE Stock Down 3.6 %

Shares of NASDAQ:NVEC opened at $79.05 on Wednesday. The company has a 50 day moving average of $78.15 and a two-hundred day moving average of $78.15. NVE Co. has a 52-week low of $68.23 and a 52-week high of $90.24. The company has a market capitalization of $382.13 million, a price-to-earnings ratio of 23.67 and a beta of 1.15.

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be given a $1.00 dividend. The ex-dividend date is Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a yield of 5.06%. NVE’s payout ratio is currently 119.76%.

Insider Buying and Selling at NVE

In other news, Director Terrence Glarner sold 344 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the sale, the director now owns 1,200 shares of the company’s stock, valued at approximately $94,452. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

NVE Profile

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.