Martingale Asset Management L P bought a new position in shares of NVE Corp (NASDAQ:NVEC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,402 shares of the semiconductor company’s stock, valued at approximately $1,508,000.

Several other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in shares of NVE by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 63,309 shares of the semiconductor company’s stock worth $6,704,000 after purchasing an additional 600 shares during the period. Teachers Advisors LLC boosted its holdings in shares of NVE by 8.6% in the 3rd quarter. Teachers Advisors LLC now owns 9,844 shares of the semiconductor company’s stock worth $1,042,000 after purchasing an additional 783 shares during the period. Morgan Stanley boosted its holdings in shares of NVE by 20.1% in the 3rd quarter. Morgan Stanley now owns 21,452 shares of the semiconductor company’s stock worth $2,272,000 after purchasing an additional 3,587 shares during the period. Vanguard Group Inc. boosted its holdings in shares of NVE by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 220,841 shares of the semiconductor company’s stock worth $23,383,000 after purchasing an additional 1,184 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of NVE in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.

Shares of NVEC stock opened at $72.24 on Tuesday. NVE Corp has a 52-week low of $71.48 and a 52-week high of $135.00. The company has a market cap of $353.57 million, a P/E ratio of 24.40 and a beta of 1.43.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter. NVE had a return on equity of 17.21% and a net margin of 54.81%. The firm had revenue of $5.59 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Friday, May 10th.

NVEC has been the subject of a number of recent research reports. ValuEngine upgraded NVE from a “hold” rating to a “buy” rating in a report on Monday, February 4th. BidaskClub cut NVE from a “strong-buy” rating to a “buy” rating in a report on Friday, March 15th.

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NVE Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

Further Reading: What is a Leveraged Buyout (LBO)?

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Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

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