Nuveen Asset Management LLC Has $3.65 Million Stock Holdings in NVE Corp (NASDAQ:NVEC)

Nuveen Asset Management LLC lifted its holdings in NVE Corp (NASDAQ:NVEC) by 10.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,134 shares of the semiconductor company’s stock after buying an additional 6,865 shares during the period. Nuveen Asset Management LLC owned about 1.45% of NVE worth $3,649,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund raised its holdings in shares of NVE by 38.1% during the fourth quarter. New York State Common Retirement Fund now owns 8,700 shares of the semiconductor company’s stock worth $621,000 after acquiring an additional 2,400 shares in the last quarter. State Street Corp raised its holdings in shares of NVE by 6.0% during the fourth quarter. State Street Corp now owns 114,246 shares of the semiconductor company’s stock worth $8,157,000 after acquiring an additional 6,433 shares in the last quarter. FMR LLC raised its holdings in shares of NVE by 92,828.0% during the fourth quarter. FMR LLC now owns 23,232 shares of the semiconductor company’s stock worth $1,659,000 after acquiring an additional 23,207 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of NVE by 39.4% during the fourth quarter. Bank of Montreal Can now owns 658 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 186 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of NVE by 94.7% during the fourth quarter. Barclays PLC now owns 4,772 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 2,321 shares in the last quarter. 69.86% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on NVEC shares. BidaskClub lowered NVE from a “hold” rating to a “sell” rating in a report on Monday, June 15th. ValuEngine lowered NVE from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th.

NASDAQ NVEC opened at $59.80 on Tuesday. The company has a current ratio of 43.20, a quick ratio of 38.32 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $59.85 and its two-hundred day moving average is $62.29. The company has a market capitalization of $289.14 million, a price-to-earnings ratio of 20.00 and a beta of 1.38. NVE Corp has a 1-year low of $42.85 and a 1-year high of $76.40.

NVE (NASDAQ:NVEC) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported $0.69 EPS for the quarter. The business had revenue of $6.15 million for the quarter. NVE had a return on equity of 18.06% and a net margin of 57.88%.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

Further Reading: Understanding dividend yield and dividend payout ratio

Want to see what other hedge funds are holding NVEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVE Corp (NASDAQ:NVEC).

Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

Receive News & Ratings for NVE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVE and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply