Isthmus Partners LLC Purchases 325 Shares of NVE Co. (NASDAQ:NVEC)

Isthmus Partners LLC increased its position in shares of NVE Co. (NASDAQ:NVEC) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,491 shares of the semiconductor company’s stock after purchasing an additional 325 shares during the period. NVE comprises about 1.5% of Isthmus Partners LLC’s investment portfolio, making the stock its 21st largest position. Isthmus Partners LLC’s holdings in NVE were worth $3,902,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NVEC. Private Advisor Group LLC boosted its stake in NVE by 45.5% in the second quarter. Private Advisor Group LLC now owns 7,769 shares of the semiconductor company’s stock worth $580,000 after purchasing an additional 2,429 shares in the last quarter. Kings Path Partners LLC acquired a new position in NVE in the second quarter worth $443,000. Principal Financial Group Inc. boosted its stake in NVE by 13.0% in the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 637 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NVE by 127.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,726 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 5,459 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in NVE by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 63,034 shares of the semiconductor company’s stock worth $4,708,000 after purchasing an additional 2,107 shares in the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Performance

NVE stock traded down $1.56 on Friday, reaching $74.55. The company’s stock had a trading volume of 14,280 shares, compared to its average volume of 23,646. The company has a market cap of $360.37 million, a price-to-earnings ratio of 21.00 and a beta of 1.14. The business’s fifty day moving average price is $79.82 and its 200 day moving average price is $79.96. NVE Co. has a twelve month low of $64.14 and a twelve month high of $90.24.

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

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, July 29th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Monday, July 29th. NVE’s dividend payout ratio (DPR) is presently 112.68%.

Insider Activity

In related news, Director Terrence Glarner sold 344 shares of the company’s stock in a transaction dated 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 owns 1,200 shares in the company, valued at $94,452. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

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.