Skylands Capital LLC trimmed its holdings in NVE Corp (NASDAQ:NVEC) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,803 shares of the semiconductor company’s stock after selling 200 shares during the period. Skylands Capital LLC owned about 0.14% of NVE worth $421,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. grew its stake in NVE by 45.5% during the first quarter. Citigroup Inc. now owns 1,416 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 443 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in NVE by 98.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,481 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 733 shares during the last quarter. Balentine LLC acquired a new position in NVE during the 1st quarter valued at approximately $98,000. SG Americas Securities LLC purchased a new position in shares of NVE in the first quarter worth $100,000. Finally, Deutsche Bank AG lifted its stake in shares of NVE by 81.6% during the first quarter. Deutsche Bank AG now owns 3,344 shares of the semiconductor company’s stock worth $174,000 after buying an additional 1,503 shares during the period. 70.69% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the company. BidaskClub lowered NVE from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine lowered NVE from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th.
NVE (NASDAQ:NVEC) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.69 earnings per share for the quarter. NVE had a net margin of 56.99% and a return on equity of 16.86%. The firm had revenue of $6.15 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 3rd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.37%. The ex-dividend date is Friday, July 31st.
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.
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