Kings Path Partners LLC Grows Position in NVE Co. (NASDAQ:NVEC)

Kings Path Partners LLC increased its position in shares of NVE Co. (NASDAQ:NVEC) by 76.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,451 shares of the semiconductor company’s stock after buying an additional 4,526 shares during the quarter. Kings Path Partners LLC’s holdings in NVE were worth $835,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in NVE during the 3rd quarter worth approximately $110,000. Precision Wealth Strategies LLC acquired a new position in shares of NVE in the first quarter valued at approximately $206,000. Sequoia Financial Advisors LLC acquired a new position in shares of NVE in the second quarter valued at approximately $238,000. Principal Financial Group Inc. increased its holdings in shares of NVE by 13.0% in the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 637 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in shares of NVE in the second quarter valued at approximately $460,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

NVE Trading Up 1.0 %

NASDAQ:NVEC opened at $79.69 on Friday. The firm has a market cap of $384.90 million, a P/E ratio of 22.83 and a beta of 1.14. The stock’s 50 day simple moving average is $79.20 and its 200-day simple moving average is $78.98. NVE Co. has a 12-month low of $64.14 and a 12-month high of $90.24.

NVE (NASDAQ:NVEC) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $6.78 million for the quarter. NVE had a return on equity of 25.53% and a net margin of 60.60%.

NVE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, July 29th were paid a $1.00 dividend. The ex-dividend date was Monday, July 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.02%. NVE’s dividend payout ratio (DPR) is presently 114.61%.

Insider Activity at NVE

In related news, Director Terrence Glarner sold 344 shares of NVE stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $78.71, for a total value of $27,076.24. Following the sale, the director now directly owns 1,200 shares in the company, valued at $94,452. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company’s stock.

NVE 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.