NVE Corporation $NVEC Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of NVE Corporation (NASDAQ:NVEC) by 14.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,013 shares of the semiconductor company’s stock after acquiring an additional 7,585 shares during the period. Russell Investments Group Ltd. owned 1.26% of NVE worth $3,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NVEC. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NVE during the 1st quarter worth about $3,908,000. Penserra Capital Management LLC raised its position in shares of NVE by 41.0% during the 1st quarter. Penserra Capital Management LLC now owns 187,037 shares of the semiconductor company’s stock worth $11,921,000 after acquiring an additional 54,404 shares in the last quarter. Rhumbline Advisers raised its position in shares of NVE by 34.4% during the 1st quarter. Rhumbline Advisers now owns 78,419 shares of the semiconductor company’s stock worth $4,998,000 after acquiring an additional 20,061 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NVE during the 4th quarter worth about $1,486,000. Finally, Nuveen LLC acquired a new stake in shares of NVE during the 1st quarter worth about $876,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Performance

Shares of NASDAQ NVEC opened at $66.86 on Friday. NVE Corporation has a fifty-two week low of $51.50 and a fifty-two week high of $88.50. The firm has a market capitalization of $323.60 million, a PE ratio of 22.29 and a beta of 1.19. The stock’s 50-day simple moving average is $69.76 and its 200-day simple moving average is $67.59.

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

NVE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 4th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $4.00 annualized dividend and a yield of 6.0%. NVE’s payout ratio is 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.