NVE Corporation $NVEC Shares Purchased by Militia Capital Partners LP

Militia Capital Partners LP raised its position in shares of NVE Corporation (NASDAQ:NVEC) by 100.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the semiconductor company’s stock after buying an additional 4,000 shares during the quarter. Militia Capital Partners LP’s holdings in NVE were worth $510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in NVE by 34.4% during the first quarter. Rhumbline Advisers now owns 78,419 shares of the semiconductor company’s stock valued at $4,998,000 after buying an additional 20,061 shares in the last quarter. Jane Street Group LLC bought a new position in NVE in the 1st quarter worth approximately $351,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NVE by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 156 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in NVE by 1.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 371,752 shares of the semiconductor company’s stock valued at $23,695,000 after purchasing an additional 5,063 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of NVE by 12.0% during the 1st quarter. American Century Companies Inc. now owns 12,469 shares of the semiconductor company’s stock valued at $795,000 after acquiring an additional 1,332 shares during the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Up 3.3%

NVEC opened at $67.75 on Friday. The stock has a fifty day moving average of $67.77 and a 200-day moving average of $66.82. The firm has a market capitalization of $327.91 million, a P/E ratio of 22.58 and a beta of 1.24. NVE Corporation has a 12-month low of $51.50 and a 12-month high of $88.50.

NVE (NASDAQ:NVEC) last posted its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.74 earnings per share for the quarter. NVE had a net margin of 57.71% and a return on equity of 23.16%. The business had revenue of $6.11 million for the quarter.

NVE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 4th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.9%. NVE’s dividend payout ratio is 133.33%.

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.