Cardinal Capital Management Increases Stock Position in NVE Co. (NASDAQ:NVEC)

Cardinal Capital Management increased its position in shares of NVE Co. (NASDAQ:NVEC) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,860 shares of the semiconductor company’s stock after buying an additional 602 shares during the period. Cardinal Capital Management owned about 0.29% of NVE worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVE during the third quarter valued at about $67,000. SG Americas Securities LLC purchased a new stake in NVE during the 3rd quarter worth approximately $110,000. FMR LLC raised its position in shares of NVE by 870.3% in the 3rd quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 1,932 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of NVE by 144.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 2,652 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its position in shares of NVE by 4.1% during the third quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock worth $512,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Price Performance

NVEC opened at $74.32 on Tuesday. The stock has a market capitalization of $359.71 million, a PE ratio of 23.97 and a beta of 1.11. NVE Co. has a 12-month low of $67.35 and a 12-month high of $90.24. The firm’s fifty day moving average price is $77.44 and its 200 day moving average price is $78.27.

NVE (NASDAQ:NVEC) last issued its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter. NVE had a net margin of 58.33% and a return on equity of 23.21%.

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 5.38%. The ex-dividend date is Monday, February 3rd. NVE’s dividend payout ratio (DPR) is presently 129.03%.

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.