NVE Co. (NASDAQ:NVEC) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in NVE Co. (NASDAQ:NVEC) by 317.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,863 shares of the semiconductor company’s stock after acquiring an additional 5,217 shares during the quarter. Barclays PLC’s holdings in NVE were worth $549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVEC. State Street Corp grew its holdings in shares of NVE by 10.2% during the 3rd quarter. State Street Corp now owns 161,932 shares of the semiconductor company’s stock valued at $12,934,000 after acquiring an additional 14,959 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in 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 purchasing an additional 2,652 shares during the period. FMR LLC increased its position in NVE by 870.3% during the third quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock worth $172,000 after acquiring an additional 1,932 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of NVE by 13.8% during the third 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 during the last quarter. Finally, Foundry Partners LLC lifted its position in shares of 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 period. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Performance

Shares of NVE stock opened at $82.62 on Friday. The firm’s 50-day simple moving average is $78.53 and its 200-day simple moving average is $78.50. The firm has a market cap of $399.39 million, a P/E ratio of 24.74 and a beta of 1.14. NVE Co. has a twelve month low of $69.86 and a twelve month high of $90.24.

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 4th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $4.00 annualized dividend and a yield of 4.84%. NVE’s dividend payout ratio is currently 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.