Cardinal Capital Management Purchases 602 Shares of NVE Co. (NASDAQ:NVEC)

Cardinal Capital Management raised its stake in NVE Co. (NASDAQ:NVEC) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,860 shares of the semiconductor company’s stock after acquiring an additional 602 shares during the quarter. Cardinal Capital Management’s holdings in NVE were worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in NVE by 199.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,540 shares of the semiconductor company’s stock valued at $1,862,000 after purchasing an additional 15,005 shares during the period. Round Rock Advisors LLC acquired a new stake in NVE in the fourth quarter valued at $535,000. SG Americas Securities LLC grew its holdings in NVE by 86.3% during the fourth quarter. SG Americas Securities LLC now owns 2,565 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 1,188 shares during the period. JPMorgan Chase & Co. raised its stake in NVE by 2,792.1% in the third quarter. JPMorgan Chase & Co. now owns 68,138 shares of the semiconductor company’s stock valued at $5,442,000 after buying an additional 65,782 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in NVE during the 3rd quarter valued at $67,000. 65.95% of the stock is owned by institutional investors.

NVE Trading Up 1.9 %

NASDAQ NVEC opened at $74.32 on Tuesday. NVE Co. has a 1 year low of $67.35 and a 1 year high of $90.24. The firm’s 50 day simple moving average is $77.44 and its 200 day simple moving average is $78.27. The firm has a market capitalization of $359.71 million, a price-to-earnings ratio of 23.97 and a beta of 1.11.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 EPS for the quarter. NVE had a return on equity of 23.21% and a net margin of 58.33%.

NVE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, February 3rd. This represents a $4.00 annualized dividend and a yield of 5.38%. NVE’s payout ratio is 129.03%.

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.