Corebridge Financial Inc. Reduces Stock Holdings in NVE Co. (NASDAQ:NVEC)

Corebridge Financial Inc. lessened its stake in shares of NVE Co. (NASDAQ:NVEC) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,378 shares of the semiconductor company’s stock after selling 180 shares during the quarter. Corebridge Financial Inc.’s holdings in NVE were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NVEC. Royce & Associates LP raised its stake in shares of NVE by 1.1% in the fourth quarter. Royce & Associates LP now owns 488,320 shares of the semiconductor company’s stock valued at $39,764,000 after acquiring an additional 5,328 shares during the period. State Street Corp lifted its stake in NVE by 10.2% in the third quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock worth $12,934,000 after purchasing an additional 14,959 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NVE by 7.8% during the third quarter. Geode Capital Management LLC now owns 134,613 shares of the semiconductor company’s stock valued at $10,754,000 after buying an additional 9,763 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NVE by 2,792.1% during the third quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock valued at $5,442,000 after buying an additional 65,782 shares during the last quarter. Finally, Isthmus Partners LLC raised its holdings in shares of NVE by 0.5% in the fourth quarter. Isthmus Partners LLC now owns 43,191 shares of the semiconductor company’s stock worth $3,517,000 after buying an additional 219 shares during the period. 65.95% of the stock is currently owned by institutional investors.

NVE Stock Up 2.3 %

NVEC opened at $56.99 on Monday. The business has a fifty day moving average of $66.57 and a 200 day moving average of $74.21. The stock has a market cap of $275.66 million, a P/E ratio of 18.38 and a beta of 1.05. NVE Co. has a 52-week low of $51.50 and a 52-week high of $89.98.

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 was paid on Friday, February 28th. Investors of record on Monday, February 3rd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date was Monday, February 3rd. NVE’s dividend payout ratio (DPR) is presently 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.