Handelsbanken Fonder AB grew its holdings in shares of NVE Corporation (NASDAQ:NVEC – Free Report) by 62.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,592 shares of the semiconductor company’s stock after purchasing an additional 39,565 shares during the quarter. Handelsbanken Fonder AB owned approximately 2.12% of NVE worth $6,087,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVEC. Isthmus Partners LLC boosted its stake in NVE by 16.4% during the 3rd quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company’s stock worth $3,329,000 after purchasing an additional 7,186 shares during the last quarter. Jane Street Group LLC acquired a new stake in NVE during the 1st quarter worth $351,000. State of Tennessee Department of Treasury boosted its stake in NVE by 137.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 3,818 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of NVE during the 3rd quarter valued at about $143,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of NVE during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 65.95% of the company’s stock.
Key Headlines Impacting NVE
Here are the key news stories impacting NVE this week:
- Neutral Sentiment: No new NVEC-specific earnings, guidance, or corporate announcement was identified in the provided news flow, so there is no clear fundamental catalyst driving the stock today.
- Positive Sentiment: NVEC continues to trade near elevated levels relative to its longer-term averages, suggesting technical strength and ongoing investor interest in the name.
- Positive Sentiment: The company’s recently reported quarter showed $1.02 EPS on $7.65 million in revenue, with strong margins and return on equity, which helps support the stock’s valuation.
NVE Trading Up 4.2%
NVE (NASDAQ:NVEC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 earnings per share for the quarter. The firm had revenue of $7.65 million for the quarter. NVE had a net margin of 57.72% and a return on equity of 25.62%.
NVE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.00 annualized dividend and a dividend yield of 4.4%. NVE’s payout ratio is presently 127.39%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NVE in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
NVE Company Profile
NVE Corporation (NASDAQ:NVEC) is a technology company specializing in the development, manufacturing, and marketing of spintronic products. The company’s core expertise lies in magnetoresistive sensing and magnetic-field-based digital isolation, leveraging patented spin-valve and tunneling magnetoresistance technologies to deliver high-performance, low-power solutions.
NVE’s product portfolio includes magnetic sensors for current, position, and angle sensing applications, as well as micro-isolators and digital isolators that provide galvanic isolation in industrial, automotive, medical, instrumentation, and consumer electronics systems.
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