NVE Co. (NASDAQ:NVEC) Shares Bought by Gladius Capital Management LP

Gladius Capital Management LP increased its position in NVE Co. (NASDAQ:NVEC) by 159.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420 shares of the semiconductor company’s stock after acquiring an additional 258 shares during the period. Gladius Capital Management LP’s holdings in NVE were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NVEC. Silverberg Bernstein Capital Management LLC bought a new position in shares of NVE in the fourth quarter valued at approximately $2,855,000. Hussman Strategic Advisors Inc. acquired a new position in shares of NVE during the 3rd quarter valued at $1,725,000. Ranger Investment Management L.P. raised its stake in shares of NVE by 68.5% in the 3rd quarter. Ranger Investment Management L.P. now owns 50,885 shares of the semiconductor company’s stock worth $4,180,000 after buying an additional 20,683 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of NVE in the third quarter valued at $1,475,000. Finally, North Star Investment Management Corp. bought a new position in NVE during the fourth quarter valued at about $886,000. 65.95% of the stock is currently owned by institutional investors.

NVE Stock Performance

Shares of NASDAQ:NVEC traded up $0.42 during trading hours on Thursday, hitting $77.46. 17,775 shares of the company’s stock traded hands, compared to its average volume of 23,126. The company’s fifty day simple moving average is $82.92 and its two-hundred day simple moving average is $78.06. NVE Co. has a 52 week low of $64.14 and a 52 week high of $100.19. The company has a market cap of $374.13 million, a price-to-earnings ratio of 21.82 and a beta of 1.21.

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

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 13th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, May 10th. NVE’s dividend payout ratio is presently 112.68%.

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.