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

Bridge City Capital LLC grew its holdings in NVE Co. (NASDAQ:NVEC) by 0.8% in the fourth quarter, according to its most recent 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 period. Bridge City Capital LLC’s holdings in NVE were worth $3,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Isthmus Partners LLC grew its position in NVE by 0.5% in the fourth quarter. Isthmus Partners LLC now owns 43,191 shares of the semiconductor company’s stock worth $3,517,000 after acquiring an additional 219 shares in the last quarter. Cardinal Capital Management lifted its stake in shares of NVE by 4.5% in the 4th quarter. Cardinal Capital Management now owns 13,860 shares of the semiconductor company’s stock valued at $1,129,000 after purchasing an additional 602 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of NVE by 7.2% in the 4th quarter. American Century Companies Inc. now owns 11,137 shares of the semiconductor company’s stock worth $907,000 after purchasing an additional 744 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of NVE during the 3rd quarter valued at approximately $67,000. Finally, Canton Hathaway LLC purchased a new stake in NVE during the 4th quarter valued at $84,000. 65.95% of the stock is currently owned by institutional investors.

NVE Stock Up 0.9 %

Shares of NVEC opened at $65.99 on Friday. NVE Co. has a 52-week low of $63.65 and a 52-week high of $90.24. The company has a market cap of $319.19 million, a PE ratio of 21.29 and a beta of 1.08. The business has a fifty day moving average of $71.42 and a 200 day moving average of $76.12.

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

NVE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were issued a $1.00 dividend. The ex-dividend date was Monday, February 3rd. This represents a $4.00 annualized dividend and a dividend 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.