Isthmus Partners LLC Has $3.90 Million Holdings in NVE Co. (NASDAQ:NVEC)

Isthmus Partners LLC boosted its holdings in shares of NVE Co. (NASDAQ:NVEC) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,491 shares of the semiconductor company’s stock after acquiring an additional 325 shares during the quarter. NVE accounts for about 1.5% of Isthmus Partners LLC’s investment portfolio, making the stock its 21st largest holding. Isthmus Partners LLC owned 1.07% of NVE worth $3,902,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of NVE during the 1st quarter valued at about $1,365,000. Cardinal Capital Management acquired a new stake in shares of NVE during the 1st quarter valued at about $1,009,000. Oppenheimer & Close LLC acquired a new stake in shares of NVE during the 2nd quarter valued at about $575,000. Foundry Partners LLC lifted its holdings in shares of NVE by 27.4% during the 1st quarter. Foundry Partners LLC now owns 35,585 shares of the semiconductor company’s stock valued at $3,209,000 after buying an additional 7,660 shares during the last quarter. Finally, Kings Path Partners LLC acquired a new stake in shares of NVE during the 2nd quarter valued at about $443,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.

NVE Stock Performance

Shares of NVE stock traded down $1.56 during trading on Friday, hitting $74.55. 14,280 shares of the stock traded hands, compared to its average volume of 23,646. The stock has a market cap of $360.37 million, a P/E ratio of 21.00 and a beta of 1.14. NVE Co. has a twelve month low of $64.14 and a twelve month high of $90.24. The company has a fifty day moving average price of $79.82 and a two-hundred day moving average price of $79.96.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share for the quarter. NVE had a return on equity of 25.53% and a net margin of 60.60%. The firm had revenue of $6.78 million during the quarter.

NVE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, July 29th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $4.00 annualized dividend and a yield of 5.37%. NVE’s dividend payout ratio (DPR) is currently 112.68%.

Insider Buying and Selling

In related news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $78.71, for a total value of $27,076.24. Following the completion of the sale, the director now directly owns 1,200 shares in the company, valued at approximately $94,452. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

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.