Martingale Asset Management L P trimmed its holdings in NVE Corp (NASDAQ:NVEC) by 50.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,502 shares of the semiconductor company’s stock after selling 9,700 shares during the quarter. Martingale Asset Management L P owned about 0.20% of NVE worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in NVEC. Parametric Portfolio Associates LLC lifted its stake in shares of NVE by 10.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,087 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 403 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of NVE by 43.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 17,500 shares of the semiconductor company’s stock valued at $1,382,000 after purchasing an additional 5,300 shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of NVE in the 3rd quarter valued at about $235,000. Schwab Charles Investment Management Inc. lifted its stake in shares of NVE by 19.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 10,164 shares of the semiconductor company’s stock valued at $875,000 after purchasing an additional 1,664 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of NVE by 24.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 363,609 shares of the semiconductor company’s stock valued at $31,270,000 after purchasing an additional 71,915 shares during the period. 87.12% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded NVE from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th.
Shares of NVE Corp (NASDAQ:NVEC) traded down $0.68 during trading on Thursday, reaching $81.82. The company had a trading volume of 9,567 shares, compared to its average volume of 15,582. NVE Corp has a twelve month low of $68.50 and a twelve month high of $94.00. The company has a market cap of $401.21, a price-to-earnings ratio of 30.28 and a beta of 1.27.
NVE (NASDAQ:NVEC) last issued its earnings results on Wednesday, January 17th. The semiconductor company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NVE had a return on equity of 14.68% and a net margin of 45.31%. The business had revenue of $7.36 million during the quarter, compared to analyst estimates of $7.20 million.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, January 29th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Friday, January 26th. NVE’s payout ratio is 148.70%.
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NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).
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