Isthmus Partners LLC Sells 8,519 Shares of NVE Co. (NASDAQ:NVEC)

Isthmus Partners LLC reduced its position in shares of NVE Co. (NASDAQ:NVEC) by 16.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,972 shares of the semiconductor company’s stock after selling 8,519 shares during the quarter. Isthmus Partners LLC’s holdings in NVE were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in NVE during the 3rd quarter worth approximately $110,000. FMR LLC lifted its holdings in NVE by 870.3% during the 3rd quarter. FMR LLC now owns 2,154 shares of the semiconductor company’s stock worth $172,000 after purchasing an additional 1,932 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in NVE during the 2nd quarter worth approximately $238,000. BNP Paribas Financial Markets lifted its holdings in NVE by 144.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,484 shares of the semiconductor company’s stock worth $358,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in NVE by 13.0% during the 2nd quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 637 shares during the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Trading Up 0.3 %

NASDAQ:NVEC opened at $77.09 on Friday. The stock has a market cap of $372.34 million, a P/E ratio of 23.08 and a beta of 1.15. The stock has a 50 day simple moving average of $78.38 and a 200 day simple moving average of $78.08. NVE Co. has a 1-year low of $69.73 and a 1-year high of $90.24.

NVE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be issued a $1.00 dividend. The ex-dividend date is Monday, November 4th. This represents a $4.00 annualized dividend and a yield of 5.19%. NVE’s dividend payout ratio is presently 119.76%.

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.