NVE Co. (NASDAQ:NVEC) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its holdings in shares of NVE Co. (NASDAQ:NVEC) by 1.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 47,181 shares of the semiconductor company’s stock after selling 553 shares during the quarter. Penserra Capital Management LLC’s holdings in NVE were worth $3,768,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Sei Investments Co. boosted its stake in shares of NVE by 35.2% in the first quarter. Sei Investments Co. now owns 10,370 shares of the semiconductor company’s stock valued at $935,000 after purchasing an additional 2,700 shares during the period. Vanguard Group Inc. increased its position in shares of NVE by 0.8% during the first quarter. Vanguard Group Inc. now owns 261,476 shares of the semiconductor company’s stock worth $23,580,000 after acquiring an additional 2,011 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of NVE by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,966 shares of the semiconductor company’s stock worth $719,000 after acquiring an additional 237 shares in the last quarter. Cardinal Capital Management boosted its holdings in NVE by 5.1% in the second quarter. Cardinal Capital Management now owns 11,760 shares of the semiconductor company’s stock valued at $878,000 after purchasing an additional 573 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its stake in NVE by 1.4% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 36,168 shares of the semiconductor company’s stock valued at $2,701,000 after purchasing an additional 500 shares in the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

NVE Stock Up 0.8 %

Shares of NVEC opened at $81.65 on Tuesday. The firm has a market cap of $394.37 million, a price-to-earnings ratio of 24.45 and a beta of 1.15. The business’s 50 day moving average is $78.38 and its two-hundred day moving average is $78.08. NVE Co. has a 52-week low of $69.73 and a 52-week high of $90.24.

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $4.00 annualized dividend and a dividend yield of 4.90%. NVE’s payout ratio is 119.76%.

About NVE

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.