State Street Corp Purchases 14,959 Shares of NVE Co. (NASDAQ:NVEC)

State Street Corp increased its position in shares of NVE Co. (NASDAQ:NVEC) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,932 shares of the semiconductor company’s stock after purchasing an additional 14,959 shares during the period. State Street Corp’s holdings in NVE were worth $12,934,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. GSA Capital Partners LLP bought a new stake in NVE in the 3rd quarter valued at $761,000. BNP Paribas Financial Markets boosted its position in shares of NVE by 144.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company’s stock valued at $358,000 after acquiring an additional 2,652 shares in the last quarter. FMR LLC increased its stake in NVE by 870.3% in the third quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 1,932 shares during the period. Isthmus Partners LLC raised its position 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 boosted its holdings in NVE by 0.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock valued at $2,913,000 after purchasing an additional 300 shares in the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.

NVE Trading Up 2.3 %

Shares of NVEC opened at $82.80 on Thursday. The stock has a market cap of $400.26 million, a PE ratio of 24.79 and a beta of 1.14. NVE Co. has a 1 year low of $69.86 and a 1 year high of $90.24. The stock has a 50 day simple moving average of $78.11 and a 200-day simple moving average of $78.29.

NVE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were paid a $1.00 dividend. The ex-dividend date was Monday, November 4th. This represents a $4.00 annualized dividend and a dividend yield of 4.83%. NVE’s dividend payout ratio is presently 119.76%.

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.