JPMorgan Chase & Co. Has $5.71 Million Stake in NVE Co. (NASDAQ:NVEC)

JPMorgan Chase & Co. boosted its holdings in NVE Co. (NASDAQ:NVEC) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,119 shares of the semiconductor company’s stock after purchasing an additional 1,981 shares during the quarter. JPMorgan Chase & Co. owned about 1.45% of NVE worth $5,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVEC. FMR LLC grew its stake in shares of NVE by 870.3% in the 3rd quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock worth $172,000 after acquiring an additional 1,932 shares in the last quarter. State Street Corp boosted its holdings in NVE by 10.2% during the third quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock worth $12,934,000 after purchasing an additional 14,959 shares during the last quarter. Barclays PLC grew its position in NVE by 317.0% in the 3rd quarter. Barclays PLC now owns 6,863 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 5,217 shares in the last quarter. Geode Capital Management LLC increased its stake in NVE by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company’s stock valued at $10,754,000 after buying an additional 9,763 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of NVE during the 3rd quarter worth approximately $67,000. Institutional investors own 65.95% of the company’s stock.

NVE Price Performance

Shares of NASDAQ:NVEC opened at $57.09 on Friday. The company has a market capitalization of $276.14 million, a PE ratio of 18.42 and a beta of 1.05. NVE Co. has a 1 year low of $51.50 and a 1 year high of $89.98. The business has a fifty day moving average price of $65.16 and a two-hundred day moving average price of $73.54.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were given a $1.00 dividend. The ex-dividend date was Monday, February 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.01%. NVE’s dividend payout ratio (DPR) is currently 129.03%.

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.