121,341 Shares in NVE Corporation $NVEC Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. bought a new position in NVE Corporation (NASDAQ:NVECFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 121,341 shares of the semiconductor company’s stock, valued at approximately $12,686,000. Ranger Investment Management L.P. owned about 2.51% of NVE at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. McMillan Office Inc. bought a new position in NVE in the 4th quarter worth approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NVE by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 156 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NVE in the 1st quarter valued at $351,000. State of Tennessee Department of Treasury increased its stake in shares of NVE by 137.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after buying an additional 3,818 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of NVE during the second quarter worth $4,879,000. 65.95% of the stock is owned by institutional investors.

NVE Price Performance

Shares of NVE stock opened at $109.89 on Monday. NVE Corporation has a 12 month low of $57.21 and a 12 month high of $135.00. The business has a fifty day simple moving average of $106.58 and a 200 day simple moving average of $88.63. The stock has a market cap of $531.87 million, a PE ratio of 29.54 and a beta of 1.37.

NVE (NASDAQ:NVECGet Free Report) last released its earnings results on Wednesday, July 22nd. The semiconductor company reported $1.32 earnings per share for the quarter. NVE had a return on equity of 30.53% and a net margin of 57.64%.The firm had revenue of $11.03 million for the quarter.

NVE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 3rd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.6%. NVE’s dividend payout ratio is 107.53%.

Insider Buying and Selling at NVE

In related news, Director Daniel A. Baker sold 1,500 shares of NVE stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $121.50, for a total transaction of $182,250.00. Following the transaction, the director owned 44,803 shares of the company’s stock, valued at $5,443,564.50. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 21,500 shares of company stock valued at $2,480,510. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings raised NVE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wall Street Zen raised NVE from a “hold” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NVE currently has an average rating of “Buy”.

View Our Latest Stock Report on NVEC

NVE Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

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