Stifel Financial Corp Sells 291 Shares of NVE Co. (NASDAQ:NVEC)

Stifel Financial Corp cut its stake in shares of NVE Co. (NASDAQ:NVEC) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,745 shares of the semiconductor company’s stock after selling 291 shares during the period. Stifel Financial Corp owned about 0.08% of NVE worth $299,000 as of its most recent SEC filing.

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 NVE during the third quarter valued at $110,000. FMR LLC increased its position in shares of NVE by 870.3% during the 3rd quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 1,932 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of NVE by 144.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company’s stock worth $358,000 after purchasing an additional 2,652 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of NVE by 13.0% in the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock worth $412,000 after buying an additional 637 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in NVE during the second quarter valued at approximately $460,000. 65.95% of the stock is owned by institutional investors.

NVE Trading Down 2.4 %

Shares of NVEC stock opened at $82.40 on Friday. NVE Co. has a 12 month low of $69.86 and a 12 month high of $90.24. The stock has a market cap of $398.32 million, a P/E ratio of 24.67 and a beta of 1.14. The company has a 50 day simple moving average of $78.23 and a two-hundred day simple moving average of $78.37.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were issued a $1.00 dividend. The ex-dividend date was Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a yield of 4.85%. NVE’s dividend payout ratio is currently 119.76%.

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.