Nationwide Fund Advisors continued to hold its position in NVE Corporation (NASDAQ:NVEC) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,765 shares of the semiconductor company’s stock at the end of the second quarter. Nationwide Fund Advisors owned 0.06% of NVE Corporation worth $213,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVEC. Dimensional Fund Advisors LP grew its position in shares of NVE Corporation by 38.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,670 shares of the semiconductor company’s stock valued at $4,278,000 after purchasing an additional 14,329 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of NVE Corporation by 12.3% during the 1st quarter. Renaissance Technologies LLC now owns 107,900 shares of the semiconductor company’s stock worth $8,933,000 after acquiring an additional 11,800 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NVE Corporation by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 198,475 shares of the semiconductor company’s stock worth $16,432,000 after acquiring an additional 10,041 shares during the last quarter. Bridge City Capital LLC bought a new stake in shares of NVE Corporation during the 2nd quarter worth $769,000. Finally, Schroder Investment Management Group bought a new stake in shares of NVE Corporation during the 2nd quarter worth $638,000. Hedge funds and other institutional investors own 73.50% of the company’s stock.
A number of research firms have recently issued reports on NVEC. BidaskClub downgraded shares of NVE Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Craig Hallum downgraded shares of NVE Corporation from a “buy” rating to a “hold” rating and set a $79.00 price objective for the company. in a report on Thursday, July 20th. They noted that the move was a valuation call.
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Shares of NVE Corporation (NVEC) opened at $86.99 on Wednesday. NVE Corporation has a fifty-two week low of $62.25 and a fifty-two week high of $88.95. The stock has a market cap of $419.09, a price-to-earnings ratio of 32.42, a PEG ratio of 1.28 and a beta of 1.17.
NVE Corporation (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. NVE Corporation had a net margin of 44.85% and a return on equity of 14.11%. The company had revenue of $7.00 million during the quarter, compared to the consensus estimate of $7.10 million. equities analysts predict that NVE Corporation will post 2.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, October 30th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, October 27th. NVE Corporation’s dividend payout ratio is currently 149.81%.
NVE Corporation Profile
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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