Silverberg Bernstein Capital Management LLC Has $2.91 Million Holdings in NVE Co. (NASDAQ:NVEC)

Silverberg Bernstein Capital Management LLC lifted its holdings in shares of NVE Co. (NASDAQ:NVEC) by 0.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 36,468 shares of the semiconductor company’s stock after acquiring an additional 300 shares during the period. NVE makes up about 2.7% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Silverberg Bernstein Capital Management LLC’s holdings in NVE were worth $2,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVEC. SG Americas Securities LLC bought a new position in NVE during the 3rd quarter valued at about $110,000. Precision Wealth Strategies LLC bought a new position in NVE during the 1st quarter valued at about $206,000. Sequoia Financial Advisors LLC bought a new position in NVE during the 2nd quarter valued at about $238,000. Principal Financial Group Inc. bought a new position in NVE during the 1st quarter valued at about $440,000. Finally, Private Advisor Group LLC lifted its holdings in NVE by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 5,340 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 125 shares during the last quarter. 65.95% of the stock is owned by institutional investors.

Insider Buying and Selling at NVE

In other NVE news, Director Terrence Glarner sold 344 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were 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 approximately $94,452. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

NVE Trading Up 0.9 %

NVEC stock traded up $0.72 during trading on Friday, hitting $78.69. 9,470 shares of the stock traded hands, compared to its average volume of 23,180. NVE Co. has a one year low of $64.14 and a one year high of $90.24. The stock has a market cap of $380.39 million, a price-to-earnings ratio of 22.17 and a beta of 1.14. The company has a 50 day simple moving average of $79.81 and a 200 day simple moving average of $79.23.

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

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, July 29th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.08%. The ex-dividend date was Monday, July 29th. NVE’s payout ratio is presently 112.68%.

NVE Company 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.