11,187 Shares in NVE Co. (NASDAQ:NVEC) Bought by Cardinal Capital Management

Cardinal Capital Management bought a new stake in NVE Co. (NASDAQ:NVEC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,187 shares of the semiconductor company’s stock, valued at approximately $1,009,000.

Other hedge funds also recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC acquired a new stake in shares of NVE during the 4th quarter valued at about $2,855,000. Ranger Investment Management L.P. raised its position 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 acquiring an additional 20,683 shares in the last quarter. North Star Investment Management Corp. bought a new stake in NVE in the fourth quarter worth approximately $886,000. Foundry Partners LLC increased its stake in shares of NVE by 50.1% during the 4th quarter. Foundry Partners LLC now owns 27,925 shares of the semiconductor company’s stock worth $2,190,000 after purchasing an additional 9,325 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of NVE by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 249,766 shares of the semiconductor company’s stock worth $20,516,000 after purchasing an additional 7,987 shares during the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Trading Up 1.0 %

NVEC stock opened at $73.38 on Friday. The firm has a market cap of $354.43 million, a PE ratio of 20.67 and a beta of 1.12. NVE Co. has a 1 year low of $64.14 and a 1 year high of $100.19. The company has a fifty day simple moving average of $76.59 and a 200 day simple moving average of $79.34.

NVE (NASDAQ:NVEC) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.79 earnings per share for the quarter. The company had revenue of $7.08 million during the quarter. NVE had a return on equity of 25.83% and a net margin of 57.46%.

NVE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were issued a $1.00 dividend. The ex-dividend date was Friday, May 10th. This represents a $4.00 annualized dividend and a yield of 5.45%. NVE’s dividend payout ratio (DPR) is currently 112.68%.

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.