NVE Co. (NASDAQ:NVEC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of NVE Co. (NASDAQ:NVEC) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,358 shares of the semiconductor company’s stock after selling 179 shares during the period. Rhumbline Advisers’ holdings in NVE were worth $4,752,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in NVE by 2,792.1% in the third quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock valued at $5,442,000 after purchasing an additional 65,782 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of NVE by 199.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company’s stock valued at $1,862,000 after buying an additional 15,005 shares in the last quarter. State Street Corp grew its position in shares of NVE by 10.2% in the 3rd quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock valued at $12,934,000 after buying an additional 14,959 shares during the last quarter. Geode Capital Management LLC raised its stake in NVE by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company’s stock worth $10,754,000 after acquiring an additional 9,763 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in NVE during the 3rd quarter worth $761,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Performance

Shares of NVE stock opened at $68.19 on Friday. The company’s fifty day moving average is $76.68 and its two-hundred day moving average is $77.91. NVE Co. has a 1 year low of $67.35 and a 1 year high of $90.24. The company has a market capitalization of $329.84 million, a P/E ratio of 22.00 and a beta of 1.11.

NVE (NASDAQ:NVEC) last issued its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%.

NVE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.00 annualized dividend and a yield of 5.87%. NVE’s dividend payout ratio is currently 129.03%.

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.