NVE Corporation (NVEC) Shares Bought by Bridge City Capital LLC

Bridge City Capital LLC raised its holdings in NVE Corporation (NASDAQ:NVEC) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,852 shares of the semiconductor company’s stock after acquiring an additional 867 shares during the period. Bridge City Capital LLC owned about 0.22% of NVE Corporation worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NVEC. Bank of America Corp DE grew its stake in NVE Corporation by 110.0% in the first quarter. Bank of America Corp DE now owns 1,380 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 723 shares during the period. Aperio Group LLC bought a new stake in shares of NVE Corporation in the second quarter valued at about $212,000. Goldman Sachs Group Inc. bought a new stake in shares of NVE Corporation in the first quarter valued at about $238,000. American International Group Inc. lifted its holdings in shares of NVE Corporation by 6.9% in the first quarter. American International Group Inc. now owns 2,937 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 190 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in shares of NVE Corporation in the first quarter valued at about $251,000. 72.39% of the stock is owned by hedge funds and other institutional investors.

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NVE Corporation (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $7.00 million during the quarter, compared to the consensus estimate of $7.10 million. NVE Corporation had a net margin of 44.85% and a return on equity of 14.11%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, October 30th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Friday, October 27th. NVE Corporation’s dividend payout ratio (DPR) is 149.81%.

Several research firms recently issued reports on NVEC. BidaskClub lowered NVE Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Craig Hallum lowered NVE Corporation from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a report on Thursday, July 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded NVE Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

NVE Corporation Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).

Institutional Ownership by Quarter for NVE Corporation (NASDAQ:NVEC)

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