Aperio Group LLC Takes Position in NVE Corporation (NVEC)

Aperio Group LLC acquired a new stake in NVE Corporation (NASDAQ:NVEC) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,754 shares of the semiconductor company’s stock, valued at approximately $212,000. Aperio Group LLC owned about 0.06% of NVE Corporation as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Credit Suisse AG lifted its position in NVE Corporation by 165.1% in the first quarter. Credit Suisse AG now owns 7,835 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 4,879 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of NVE Corporation during the first quarter valued at approximately $248,000. Oxford Asset Management purchased a new position in shares of NVE Corporation during the first quarter valued at approximately $1,491,000. Oppenheimer & Co. Inc. purchased a new position in shares of NVE Corporation during the first quarter valued at approximately $397,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of NVE Corporation by 19.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,777 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Several research firms have recently issued reports on NVEC. Craig Hallum cut NVE Corporation from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research note on Thursday, July 20th. They noted that the move was a valuation call. Zacks Investment Research raised NVE Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BidaskClub cut NVE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

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Shares of NVE Corporation (NASDAQ:NVEC) opened at 75.46 on Thursday. The company has a 50-day moving average price of $74.40 and a 200 day moving average price of $78.65. The stock has a market capitalization of $365.30 million, a PE ratio of 27.85 and a beta of 1.22. NVE Corporation has a 52 week low of $55.00 and a 52 week high of $88.34.

NVE Corporation (NASDAQ:NVEC) last posted its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. NVE Corporation had a return on equity of 14.02% and a net margin of 44.87%. The company had revenue of $7.61 million for the quarter. Equities analysts forecast that NVE Corporation will post $2.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, July 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Thursday, July 27th. NVE Corporation’s dividend payout ratio is presently 148.15%.

NVE Corporation Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).

Institutional Ownership by Quarter for NVE Corporation (NASDAQ:NVEC)

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