Allspring Global Investments Holdings LLC Decreases Holdings in NVE Co. (NASDAQ:NVEC)

Allspring Global Investments Holdings LLC trimmed its stake in shares of NVE Co. (NASDAQ:NVEC) by 62.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,801 shares of the semiconductor company’s stock after selling 11,151 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.14% of NVE worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NVEC. SG Americas Securities LLC bought a new position in NVE during the 4th quarter worth approximately $104,000. Watershed Asset Management L.L.C. bought a new position in NVE during the 3rd quarter worth approximately $254,000. Navellier & Associates Inc. bought a new stake in shares of NVE in the 3rd quarter worth approximately $275,000. Denali Advisors LLC grew its position in shares of NVE by 20.6% in the 3rd quarter. Denali Advisors LLC now owns 4,100 shares of the semiconductor company’s stock worth $337,000 after buying an additional 700 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of NVE by 27.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,681 shares of the semiconductor company’s stock worth $384,000 after buying an additional 1,012 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors.

NVE Stock Performance

Shares of NVEC stock opened at $79.37 on Friday. The firm has a market cap of $383.36 million, a P/E ratio of 17.80 and a beta of 1.19. NVE Co. has a fifty-two week low of $64.14 and a fifty-two week high of $100.19. The business’s 50 day moving average price is $83.61 and its 200-day moving average price is $77.97.

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.