NVE Co. (NASDAQ:NVEC) Shares Purchased by Isthmus Partners LLC

Isthmus Partners LLC boosted its position in NVE Co. (NASDAQ:NVEC) by 1.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,163 shares of the semiconductor company’s stock after purchasing an additional 446 shares during the period. Isthmus Partners LLC owned approximately 0.50% of NVE worth $1,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVEC. Victory Capital Management Inc. acquired a new stake in NVE in the first quarter worth approximately $4,304,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in NVE by 212.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,922 shares of the semiconductor company’s stock worth $1,677,000 after purchasing an additional 16,258 shares during the period. BlackRock Inc. increased its holdings in shares of NVE by 0.6% in the first quarter. BlackRock Inc. now owns 355,193 shares of the semiconductor company’s stock valued at $24,899,000 after buying an additional 2,131 shares in the last quarter. Royce & Associates LP increased its holdings in shares of NVE by 94.9% in the first quarter. Royce & Associates LP now owns 356,143 shares of the semiconductor company’s stock valued at $24,966,000 after buying an additional 173,436 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of NVE by 2.3% in the first quarter. UBS Group AG now owns 6,768 shares of the semiconductor company’s stock valued at $475,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 68.83% of the company’s stock.

In other NVE news, CFO Curt A. Reynders sold 466 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $71.37, for a total transaction of $33,258.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by insiders.

Shares of NASDAQ NVEC traded down $0.06 during trading on Wednesday, hitting $67.45. The company had a trading volume of 2 shares, compared to its average volume of 24,493. The company has a market cap of $325.99 million, a P/E ratio of 25.38 and a beta of 1.13. NVE Co. has a 52 week low of $46.00 and a 52 week high of $81.42. The business’s 50-day moving average is $72.34 and its 200 day moving average is $71.57.

NVE (NASDAQ:NVEC) last announced its earnings results on Wednesday, July 21st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. NVE had a net margin of 53.75% and a return on equity of 17.90%. The company had revenue of $7.15 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 2nd were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 5.93%. The ex-dividend date was Friday, July 30th.

Separately, TheStreet raised NVE from a “c+” rating to a “b” rating in a report on Wednesday, July 21st.

NVE Profile

NVE Corp. engages in the development and sale of devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. It offers Isolators, sensors, and Power ICs. The company was founded by James M. Daughton in 1989 and is headquartered in Eden Prairie, MN.

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Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

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