SG Americas Securities LLC Buys New Shares in NVE Co. (NASDAQ:NVEC)

SG Americas Securities LLC purchased a new stake in shares of NVE Co. (NASDAQ:NVEC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,327 shares of the semiconductor company’s stock, valued at approximately $104,000.

A number of other large investors have also recently bought and sold shares of NVEC. Kayne Anderson Rudnick Investment Management LLC grew its stake in NVE by 0.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 586,913 shares of the semiconductor company’s stock worth $27,380,000 after purchasing an additional 4,342 shares during the period. Vanguard Group Inc. grew its position in shares of NVE by 21.2% during the 1st quarter. Vanguard Group Inc. now owns 326,132 shares of the semiconductor company’s stock worth $17,764,000 after buying an additional 56,942 shares during the period. BlackRock Inc. increased its stake in shares of NVE by 209.7% in the 2nd quarter. BlackRock Inc. now owns 321,298 shares of the semiconductor company’s stock valued at $31,307,000 after acquiring an additional 217,564 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of NVE by 4.7% during the 1st quarter. Renaissance Technologies LLC now owns 195,100 shares of the semiconductor company’s stock valued at $10,627,000 after acquiring an additional 8,693 shares during the period. Finally, State Street Corp boosted its stake in NVE by 1.1% during the first quarter. State Street Corp now owns 124,416 shares of the semiconductor company’s stock worth $6,777,000 after acquiring an additional 1,412 shares in the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.

NVE Trading Down 3.3 %

NVEC opened at $78.00 on Friday. The company has a fifty day moving average price of $83.76 and a two-hundred day moving average price of $78.00. NVE Co. has a 1-year low of $64.14 and a 1-year high of $100.19. The company has a market cap of $376.74 million, a P/E ratio of 17.49 and a beta of 1.19.

NVE (NASDAQ:NVEC) last posted its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $0.87 earnings per share for the quarter. The business had revenue of $6.76 million for the quarter. NVE had a return on equity of 32.31% and a net margin of 60.66%.

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.