NVE Corporation $NVEC Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in NVE Corporation (NASDAQ:NVEC) by 62.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,592 shares of the semiconductor company’s stock after purchasing an additional 39,565 shares during the quarter. Handelsbanken Fonder AB’s holdings in NVE were worth $6,087,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Isthmus Partners LLC lifted its position in NVE by 16.4% in the third quarter. Isthmus Partners LLC now owns 50,998 shares of the semiconductor company’s stock valued at $3,329,000 after buying an additional 7,186 shares during the last quarter. State of Tennessee Department of Treasury lifted its position in NVE by 137.4% in the second quarter. State of Tennessee Department of Treasury now owns 6,596 shares of the semiconductor company’s stock valued at $486,000 after buying an additional 3,818 shares during the last quarter. Jane Street Group LLC acquired a new position in NVE in the first quarter valued at about $351,000. SG Americas Securities LLC lifted its position in NVE by 78.9% in the fourth quarter. SG Americas Securities LLC now owns 3,930 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 1,733 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NVE by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 156 shares during the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NVE in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

NVE Stock Performance

Shares of NVEC opened at $91.25 on Friday. The stock has a market capitalization of $441.65 million, a PE ratio of 29.06 and a beta of 1.36. NVE Corporation has a 1 year low of $57.21 and a 1 year high of $110.03. The company’s 50-day simple moving average is $77.58 and its 200-day simple moving average is $70.13.

NVE (NASDAQ:NVEC) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter. The business had revenue of $7.65 million for the quarter. NVE had a net margin of 57.72% and a return on equity of 25.62%.

NVE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, May 18th. NVE’s dividend payout ratio is currently 127.39%.

More NVE News

Here are the key news stories impacting NVE this week:

• Neutral Sentiment: No new NVEC-specific earnings, guidance, or corporate announcement was identified in the provided news flow, so there is no clear fundamental catalyst driving the stock today.
• Positive Sentiment: NVEC continues to trade near elevated levels relative to its longer-term averages, suggesting technical strength and ongoing investor interest in the name.
• Positive Sentiment: The company’s recently reported quarter showed $1.02 EPS on $7.65 million in revenue, with strong margins and return on equity, which helps support the stock’s valuation.

NVE Company Profile

NVE Corporation (NASDAQ:NVEC) is a technology company specializing in the development, manufacturing, and marketing of spintronic products. The company’s core expertise lies in magnetoresistive sensing and magnetic-field-based digital isolation, leveraging patented spin-valve and tunneling magnetoresistance technologies to deliver high-performance, low-power solutions.

NVE’s product portfolio includes magnetic sensors for current, position, and angle sensing applications, as well as micro-isolators and digital isolators that provide galvanic isolation in industrial, automotive, medical, instrumentation, and consumer electronics systems.