Foundry Partners LLC Grows Stake in NVE Co. (NASDAQ:NVEC)

Foundry Partners LLC increased its holdings in shares of NVE Co. (NASDAQ:NVEC) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,925 shares of the semiconductor company’s stock after purchasing an additional 9,325 shares during the quarter. Foundry Partners LLC’s holdings in NVE were worth $2,190,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NVEC. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of NVE during the fourth quarter worth about $2,855,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of NVE during the third quarter worth about $1,725,000. Ranger Investment Management L.P. boosted its stake in NVE by 68.5% during the third quarter. Ranger Investment Management L.P. now owns 50,885 shares of the semiconductor company’s stock valued at $4,180,000 after buying an additional 20,683 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in NVE during the third quarter valued at approximately $1,475,000. Finally, North Star Investment Management Corp. bought a new position in NVE during the fourth quarter valued at approximately $886,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Price Performance

NASDAQ:NVEC opened at $78.67 on Tuesday. The firm has a market capitalization of $379.98 million, a price-to-earnings ratio of 17.64 and a beta of 1.19. NVE Co. has a 1 year low of $64.14 and a 1 year high of $100.19. The business has a 50 day simple moving average of $83.64 and a 200-day simple moving average of $77.97.

NVE Company 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.