13,749 Shares in NVE Corporation $NVEC Bought by Nuveen LLC

Nuveen LLC purchased a new position in NVE Corporation (NASDAQ:NVEC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,749 shares of the semiconductor company’s stock, valued at approximately $876,000. Nuveen LLC owned about 0.28% of NVE at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of NVE by 2.3% in the first quarter. Vanguard Group Inc. now owns 283,690 shares of the semiconductor company’s stock worth $18,082,000 after purchasing an additional 6,507 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of NVE in the first quarter worth about $382,000. US Bancorp DE grew its holdings in shares of NVE by 6.6% in the first quarter. US Bancorp DE now owns 4,794 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 296 shares during the last quarter. Royce & Associates LP grew its holdings in shares of NVE by 0.3% in the first quarter. Royce & Associates LP now owns 489,820 shares of the semiconductor company’s stock worth $31,221,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of NVE in the first quarter worth about $3,908,000. 65.95% of the stock is currently owned by institutional investors.

NVE Trading Down 0.9%

NASDAQ NVEC opened at $63.99 on Wednesday. The company’s 50-day moving average price is $68.97 and its 200-day moving average price is $67.20. The stock has a market cap of $309.71 million, a PE ratio of 21.33 and a beta of 1.24. NVE Corporation has a 12 month low of $51.50 and a 12 month high of $88.50.

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

NVE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 4th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, August 4th. NVE’s dividend payout ratio is presently 133.33%.

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.