NVE Corporation (NASDAQ:NVEC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in NVE Corporation (NASDAQ:NVEC) by 6.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,444 shares of the semiconductor company’s stock after selling 536 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of NVE worth $538,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of NVE by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 23,332 shares of the semiconductor company’s stock worth $1,900,000 after acquiring an additional 423 shares during the period. Barclays PLC increased its stake in shares of NVE by 10.4% during the fourth quarter. Barclays PLC now owns 7,579 shares of the semiconductor company’s stock worth $617,000 after purchasing an additional 716 shares in the last quarter. American Century Companies Inc. increased its stake in shares of NVE by 7.2% during the fourth 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. Price T Rowe Associates Inc. MD increased its stake in shares of NVE by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,363 shares of the semiconductor company’s stock worth $600,000 after purchasing an additional 939 shares in the last quarter. Finally, Cardinal Capital Management increased its stake in shares of NVE by 8.1% during the first quarter. Cardinal Capital Management now owns 14,985 shares of the semiconductor company’s stock worth $955,000 after purchasing an additional 1,125 shares in the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Down 0.6%

NVEC stock opened at $59.79 on Wednesday. The stock has a market capitalization of $289.38 million, a P/E ratio of 19.93 and a beta of 1.19. The firm has a 50-day simple moving average of $72.07 and a 200-day simple moving average of $68.46. NVE Corporation has a 52 week low of $51.50 and a 52 week high of $88.50.

NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%. The company had revenue of $6.11 million during the quarter.

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 4th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 4th. NVE’s dividend payout ratio is currently 133.33%.

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.