Fmr LLC Purchases 1,932 Shares of NVE Co. (NASDAQ:NVEC)

Fmr LLC raised its holdings in shares of NVE Co. (NASDAQ:NVEC) by 870.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,154 shares of the semiconductor company’s stock after buying an additional 1,932 shares during the quarter. Fmr LLC’s holdings in NVE were worth $172,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in NVE in the third quarter worth $110,000. Principal Financial Group Inc. boosted its holdings in shares of NVE by 13.0% in the 2nd quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 637 shares in the last quarter. Kings Path Partners LLC purchased a new position in NVE in the second quarter worth $443,000. Koss Olinger Consulting LLC acquired a new stake in NVE in the second quarter worth about $460,000. Finally, Private Advisor Group LLC increased its stake in NVE by 45.5% during the 2nd quarter. Private Advisor Group LLC now owns 7,769 shares of the semiconductor company’s stock valued at $580,000 after purchasing an additional 2,429 shares in the last quarter. 65.95% of the stock is owned by institutional investors.

NVE Stock Performance

Shares of NVEC stock opened at $77.50 on Friday. The stock’s 50-day simple moving average is $77.95 and its 200-day simple moving average is $78.16. The firm has a market capitalization of $374.64 million, a PE ratio of 23.20 and a beta of 1.14. NVE Co. has a fifty-two week low of $69.86 and a fifty-two week high of $90.24.

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 4th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Monday, November 4th. NVE’s dividend payout ratio 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.