NVE Co. (NASDAQ:NVEC) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in NVE Co. (NASDAQ:NVEC) by 7.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,613 shares of the semiconductor company’s stock after acquiring an additional 9,763 shares during the quarter. Geode Capital Management LLC’s holdings in NVE were worth $10,754,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NVEC. SG Americas Securities LLC acquired a new position in shares of NVE during the third quarter worth about $110,000. FMR LLC lifted its position 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 purchasing an additional 1,932 shares during the period. BNP Paribas Financial Markets boosted its holdings in NVE by 144.8% in the 3rd 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. Principal Financial Group Inc. increased its position in NVE by 13.0% during the 2nd quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 637 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in shares of NVE during the 2nd quarter worth approximately $460,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Price Performance

NVE stock opened at $81.43 on Wednesday. The stock’s 50 day moving average price is $78.27 and its 200 day moving average price is $78.40. NVE Co. has a 1-year low of $69.86 and a 1-year high of $90.24. The company has a market cap of $393.63 million, a PE ratio of 24.38 and a beta of 1.14.

NVE Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, November 4th. This represents a $4.00 annualized dividend and a dividend yield of 4.91%. 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.