Citadel Advisors LLC Has $435,000 Stock Position in NVE Co. (NASDAQ:NVEC)

Citadel Advisors LLC lowered its stake in NVE Co. (NASDAQ:NVEC) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,341 shares of the semiconductor company’s stock after selling 504 shares during the period. Citadel Advisors LLC owned 0.11% of NVE worth $435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NVEC. SG Americas Securities LLC boosted its position in NVE by 86.3% in the fourth quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 1,188 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of NVE by 199.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company’s stock worth $1,862,000 after purchasing an additional 15,005 shares during the period. Cardinal Capital Management lifted its holdings in shares of NVE by 4.5% during the fourth quarter. Cardinal Capital Management now owns 13,860 shares of the semiconductor company’s stock worth $1,129,000 after purchasing an additional 602 shares during the period. Canton Hathaway LLC acquired a new position in shares of NVE during the fourth quarter worth $84,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of NVE during the fourth quarter worth $1,870,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Performance

Shares of NASDAQ:NVEC opened at $69.66 on Tuesday. The firm has a market cap of $336.95 million, a PE ratio of 22.47 and a beta of 1.09. The firm’s fifty day moving average is $63.44 and its 200-day moving average is $70.80. NVE Co. has a 52 week low of $51.50 and a 52 week high of $89.98.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.80 EPS for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%. The company had revenue of $6.95 million for the quarter.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend was Monday, May 19th. NVE’s dividend payout ratio is currently 128.62%.

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.