SG Americas Securities LLC Invests $110,000 in NVE Co. (NASDAQ:NVEC)

SG Americas Securities LLC purchased a new stake in shares of NVE Co. (NASDAQ:NVEC) in the third quarter, HoldingsChannel.com reports. The firm purchased 1,377 shares of the semiconductor company’s stock, valued at approximately $110,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVEC. Private Advisor Group LLC boosted its holdings in NVE by 2.4% in the first 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. Russell Investments Group Ltd. grew its holdings in NVE by 0.7% during the 1st quarter. Russell Investments Group Ltd. now owns 28,734 shares of the semiconductor company’s stock worth $2,591,000 after acquiring an additional 191 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of NVE by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,966 shares of the semiconductor company’s stock valued at $719,000 after purchasing an additional 237 shares in the last quarter. Isthmus Partners LLC grew its stake in NVE by 0.6% in the second quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock worth $3,902,000 after purchasing an additional 325 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its holdings in NVE by 1.4% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 36,168 shares of the semiconductor company’s stock valued at $2,701,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Terrence Glarner sold 344 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the transaction, the director now owns 1,200 shares in the company, valued at approximately $94,452. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

NVE Price Performance

NVE stock opened at $76.42 on Monday. The company has a market cap of $369.41 million, a PE ratio of 21.53 and a beta of 1.14. NVE Co. has a 12 month low of $64.31 and a 12 month high of $90.24. The company has a fifty day moving average price of $79.07 and a two-hundred day moving average price of $78.36.

NVE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 4th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Monday, November 4th. NVE’s dividend payout ratio (DPR) is 112.68%.

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.