Penserra Capital Management LLC Reduces Holdings in NVE Co. (NASDAQ:NVEC)

Penserra Capital Management LLC lowered its stake in NVE Co. (NASDAQ:NVEC) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,181 shares of the semiconductor company’s stock after selling 553 shares during the quarter. Penserra Capital Management LLC owned approximately 0.98% of NVE worth $3,768,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in NVE by 13.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,032 shares of the semiconductor company’s stock valued at $1,201,000 after purchasing an additional 1,828 shares in the last quarter. Foundry Partners LLC raised its position in shares of NVE by 1.0% in the third quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock valued at $2,833,000 after buying an additional 340 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of NVE during the third quarter valued at approximately $761,000. Koss Olinger Consulting LLC boosted its position in NVE by 4.1% during the third quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock worth $512,000 after acquiring an additional 250 shares during the last quarter. Finally, Cardinal Capital Management grew its stake in NVE by 12.7% in the 3rd quarter. Cardinal Capital Management now owns 13,258 shares of the semiconductor company’s stock worth $1,059,000 after acquiring an additional 1,498 shares during the period. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Up 0.8 %

Shares of NVE stock opened at $81.65 on Tuesday. NVE Co. has a fifty-two week low of $69.73 and a fifty-two week high of $90.24. The business’s fifty day moving average is $78.38 and its two-hundred day moving average is $78.08. The firm has a market cap of $394.37 million, a PE ratio of 24.45 and a beta of 1.15.

NVE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be issued a $1.00 dividend. The ex-dividend date is Monday, November 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.90%. NVE’s dividend payout ratio (DPR) is presently 119.76%.

About NVE

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.