Charles Schwab Investment Management Inc. Sells 1,030 Shares of NVE Corporation $NVEC

Charles Schwab Investment Management Inc. trimmed its position in NVE Corporation (NASDAQ:NVEC) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,991 shares of the semiconductor company’s stock after selling 1,030 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.29% of NVE worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NVEC. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NVE during the first quarter worth $3,908,000. Penserra Capital Management LLC raised its position in shares of NVE by 41.0% in the first 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 during the period. Rhumbline Advisers raised its position in shares of NVE by 34.4% in the first 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 during the period. Round Rock Advisors LLC raised its position in shares of NVE by 155.6% in the first quarter. Round Rock Advisors LLC now owns 16,806 shares of the semiconductor company’s stock worth $1,071,000 after acquiring an additional 10,231 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of NVE by 9,289.2% in the first quarter. GAMMA Investing LLC now owns 6,948 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 6,874 shares during the period. 65.95% of the stock is currently owned by institutional investors and hedge funds.

NVE Stock Performance

Shares of NVE stock opened at $63.99 on Wednesday. The firm has a 50-day simple moving average of $68.97 and a two-hundred day simple moving average of $67.20. The company has a market cap of $309.71 million, a P/E ratio of 21.33 and a beta of 1.24. NVE Corporation has a fifty-two week low of $51.50 and a fifty-two week high of $88.50.

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

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 4th were given a $1.00 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 6.3%. NVE’s dividend payout ratio is 133.33%.

NVE 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.