Envestnet Asset Management Inc. Acquires 297 Shares of NVE Co. (NASDAQ:NVEC)

Envestnet Asset Management Inc. lifted its stake in NVE Co. (NASDAQ:NVEC) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,980 shares of the semiconductor company’s stock after acquiring an additional 297 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of NVE worth $731,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Isthmus Partners LLC boosted its stake in NVE by 0.5% in the 4th quarter. Isthmus Partners LLC now owns 43,191 shares of the semiconductor company’s stock worth $3,517,000 after purchasing an additional 219 shares during the period. Bridge City Capital LLC boosted its position in shares of NVE by 0.8% in the fourth quarter. Bridge City Capital LLC now owns 36,992 shares of the semiconductor company’s stock valued at $3,012,000 after acquiring an additional 279 shares during the period. Wells Fargo & Company MN grew its stake in NVE by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 23,332 shares of the semiconductor company’s stock valued at $1,900,000 after acquiring an additional 423 shares in the last quarter. Cardinal Capital Management increased its holdings in NVE by 4.5% during the 4th quarter. Cardinal Capital Management now owns 13,860 shares of the semiconductor company’s stock worth $1,129,000 after acquiring an additional 602 shares during the period. Finally, American Century Companies Inc. lifted its stake in NVE by 7.2% in the 4th quarter. American Century Companies Inc. now owns 11,137 shares of the semiconductor company’s stock worth $907,000 after purchasing an additional 744 shares in the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

NVE Price Performance

NVEC opened at $62.20 on Friday. The firm has a market capitalization of $300.86 million, a P/E ratio of 20.06 and a beta of 1.05. NVE Co. has a one year low of $51.50 and a one year high of $89.98. The company has a fifty day moving average price of $62.06 and a 200-day moving average price of $72.14.

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.