Stifel Financial Corp Lowers Position in NVE Co. (NASDAQ:NVEC)

Stifel Financial Corp trimmed its stake in shares of NVE Co. (NASDAQ:NVEC) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,745 shares of the semiconductor company’s stock after selling 291 shares during the period. Stifel Financial Corp’s holdings in NVE were worth $299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of NVE by 144.8% during the third quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company’s stock valued at $358,000 after purchasing an additional 2,652 shares in the last quarter. FMR LLC boosted its stake in NVE by 870.3% during the third quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 1,932 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NVE by 13.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,032 shares of the semiconductor company’s stock valued at $1,201,000 after buying an additional 1,828 shares in the last quarter. Foundry Partners LLC increased its stake in NVE by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock worth $2,833,000 after acquiring an additional 340 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of NVE during the 3rd quarter worth approximately $761,000. 65.95% of the stock is currently owned by institutional investors.

NVE Stock Performance

NASDAQ NVEC opened at $82.40 on Friday. The stock has a 50 day moving average price of $78.23 and a 200-day moving average price of $78.37. NVE Co. has a one year low of $69.86 and a one year high of $90.24. The company has a market capitalization of $398.32 million, a P/E ratio of 24.67 and a beta of 1.14.

NVE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.85%. NVE’s payout ratio is currently 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.