Isthmus Partners LLC Acquires 219 Shares of NVE Co. (NASDAQ:NVEC)

Isthmus Partners LLC lifted its stake in NVE Co. (NASDAQ:NVEC) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 43,191 shares of the semiconductor company’s stock after purchasing an additional 219 shares during the quarter. Isthmus Partners LLC’s holdings in NVE were worth $3,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of NVE by 10.2% during 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 period. Geode Capital Management LLC lifted its stake in NVE by 7.8% in 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in NVE by 2,792.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock worth $5,442,000 after purchasing an additional 65,782 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of NVE by 1.0% during the third quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock worth $2,833,000 after buying an additional 340 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of NVE in the fourth quarter valued at approximately $1,870,000. Institutional investors own 65.95% of the company’s stock.

NVE Stock Performance

NVEC opened at $67.41 on Monday. NVE Co. has a 52-week low of $63.89 and a 52-week high of $90.24. The business’s 50-day simple moving average is $74.83 and its 200 day simple moving average is $77.29. The firm has a market capitalization of $326.06 million, a PE ratio of 21.75 and a beta of 1.08.

NVE (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.00 per share. The ex-dividend date was Monday, February 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.93%. NVE’s dividend payout ratio (DPR) is currently 129.03%.

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.