NVE Co. (NASDAQ:NVEC) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of NVE Co. (NASDAQ:NVEC) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,032 shares of the semiconductor company’s stock after purchasing an additional 1,828 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NVE were worth $1,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Koss Olinger Consulting LLC lifted its stake in shares of NVE by 4.1% in the 3rd quarter. Koss Olinger Consulting LLC now owns 6,410 shares of the semiconductor company’s stock worth $512,000 after acquiring an additional 250 shares during the period. Silverberg Bernstein Capital Management LLC boosted its stake in NVE by 0.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,468 shares of the semiconductor company’s stock valued at $2,913,000 after purchasing an additional 300 shares in the last quarter. Isthmus Partners LLC increased its position in shares of NVE by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 51,491 shares of the semiconductor company’s stock valued at $3,902,000 after purchasing an additional 325 shares during the period. Foundry Partners LLC raised its stake in shares of NVE by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 35,475 shares of the semiconductor company’s stock worth $2,833,000 after buying an additional 340 shares in the last quarter. Finally, Principal Financial Group Inc. lifted 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 buying an additional 637 shares during the period. Institutional investors own 65.95% of the company’s stock.

NVE Stock Down 1.3 %

NASDAQ:NVEC opened at $78.69 on Wednesday. The business’s 50-day moving average price is $78.05 and its 200 day moving average price is $78.16. NVE Co. has a 52-week low of $69.86 and a 52-week high of $90.24. The firm has a market cap of $380.39 million, a P/E ratio of 23.56 and a beta of 1.14.

NVE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $4.00 annualized dividend and a dividend yield of 5.08%. NVE’s dividend payout ratio is currently 119.76%.

About NVE

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.