1,035 Shares in NVE Co. (NASDAQ:NVEC) Bought by Canton Hathaway LLC

Canton Hathaway LLC bought a new stake in shares of NVE Co. (NASDAQ:NVEC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,035 shares of the semiconductor company’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Foundry Partners LLC lifted its position in shares of NVE by 1.0% in the third quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock valued at $2,833,000 after acquiring an additional 340 shares in the last quarter. Cardinal Capital Management lifted its position in shares of NVE by 4.5% in the fourth quarter. Cardinal Capital Management now owns 13,860 shares of the semiconductor company’s stock valued at $1,129,000 after acquiring an additional 602 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of NVE in the third quarter valued at about $67,000. SG Americas Securities LLC lifted its position in shares of NVE by 86.3% in the fourth quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company’s stock valued at $209,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NVE by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,032 shares of the semiconductor company’s stock valued at $1,201,000 after acquiring an additional 1,828 shares in the last quarter. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

NVE Stock Down 2.8 %

Shares of NVE stock opened at $71.72 on Tuesday. The stock’s 50-day simple moving average is $77.17 and its 200-day simple moving average is $78.09. NVE Co. has a 52 week low of $67.35 and a 52 week high of $90.24. The company has a market capitalization of $346.91 million, a price-to-earnings ratio of 23.14 and a beta of 1.11.

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

NVE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.58%. 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.