BNP Paribas Financial Markets Cuts Stock Position in NVE Co. (NASDAQ:NVEC)

BNP Paribas Financial Markets lessened its stake in shares of NVE Co. (NASDAQ:NVEC) by 86.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 597 shares of the semiconductor company’s stock after selling 3,887 shares during the quarter. BNP Paribas Financial Markets’ holdings in NVE were worth $49,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVEC. SG Americas Securities LLC raised its stake in shares of NVE by 86.3% during the fourth quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 1,188 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 last quarter. Cardinal Capital Management raised its stake 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 last quarter. Canton Hathaway LLC purchased a new stake in shares of NVE during the fourth quarter worth approximately $84,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of NVE during the fourth quarter worth approximately $1,870,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Stock Performance

NASDAQ:NVEC opened at $71.88 on Wednesday. The stock has a fifty day moving average price of $63.54 and a two-hundred day moving average price of $70.80. The stock has a market capitalization of $347.68 million, a price-to-earnings ratio of 23.19 and a beta of 1.09. NVE Co. has a 1 year low of $51.50 and a 1 year high of $89.98.

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

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Monday, May 19th. NVE’s payout ratio is 128.62%.

NVE Company 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.