Bridge City Capital LLC Grows Position in NVE Co. (NASDAQ:NVEC)

Bridge City Capital LLC grew its stake in NVE Co. (NASDAQ:NVEC) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,992 shares of the semiconductor company’s stock after buying an additional 279 shares during the quarter. Bridge City Capital LLC owned approximately 0.76% of NVE worth $3,012,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NVEC. American Century Companies Inc. lifted its holdings in NVE by 7.2% during the fourth quarter. American Century Companies Inc. now owns 11,137 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 744 shares in the last quarter. Royce & Associates LP lifted its stake in shares of NVE by 1.1% during the 4th quarter. Royce & Associates LP now owns 488,320 shares of the semiconductor company’s stock valued at $39,764,000 after buying an additional 5,328 shares in the last quarter. Isthmus Partners LLC boosted its holdings in NVE by 0.5% in the 4th quarter. Isthmus Partners LLC now owns 43,191 shares of the semiconductor company’s stock worth $3,517,000 after buying an additional 219 shares during the period. Raymond James Financial Inc. purchased a new stake in NVE in the 4th quarter worth $1,486,000. Finally, Proficio Capital Partners LLC bought a new stake in NVE during the fourth quarter valued at about $1,870,000. 65.95% of the stock is owned by hedge funds and other institutional investors.

NVE Stock Up 0.9 %

NASDAQ NVEC opened at $65.99 on Friday. The business has a 50-day moving average price of $71.42 and a 200-day moving average price of $76.12. The firm has a market cap of $319.19 million, a price-to-earnings ratio of 21.29 and a beta of 1.08. NVE Co. has a twelve month low of $63.65 and a twelve month high of $90.24.

NVE (NASDAQ:NVEC) last posted its quarterly earnings results on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share for the quarter. NVE had a return on equity of 23.21% and a net margin of 58.33%.

NVE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.00 annualized dividend and a yield of 6.06%. NVE’s payout ratio is 129.03%.

NVE Profile

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.