NVE Co. (NASDAQ:NVEC) Stock Position Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of NVE Co. (NASDAQ:NVEC) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 117,518 shares of the semiconductor company’s stock after selling 2,538 shares during the period. Dimensional Fund Advisors LP’s holdings in NVE were worth $9,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NVEC. JPMorgan Chase & Co. boosted its position in shares of NVE by 2,792.1% during the 3rd 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 in the last quarter. Barclays PLC boosted its holdings in NVE by 317.0% during the third quarter. Barclays PLC now owns 6,863 shares of the semiconductor company’s stock worth $549,000 after buying an additional 5,217 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in NVE by 199.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company’s stock worth $1,862,000 after buying an additional 15,005 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of NVE during the 4th quarter valued at $1,870,000. Finally, SG Americas Securities LLC boosted its stake in shares of NVE by 86.3% during the 4th quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 1,188 shares in the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Stock Up 0.1 %

Shares of NASDAQ NVEC opened at $67.64 on Friday. NVE Co. has a 52-week low of $51.50 and a 52-week high of $89.98. The stock has a market capitalization of $327.17 million, a price-to-earnings ratio of 21.82 and a beta of 1.09. The stock’s fifty day simple moving average is $61.68 and its 200 day simple moving average is $71.54.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter. NVE had a return on equity of 23.21% and a net margin of 58.33%. The firm had revenue of $6.95 million for the quarter.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Monday, May 19th. NVE’s dividend payout ratio is 128.62%.

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.