Isthmus Partners LLC Buys 446 Shares of NVE Co. (NASDAQ:NVEC)

Isthmus Partners LLC increased its stake in shares of NVE Co. (NASDAQ:NVEC) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,163 shares of the semiconductor company’s stock after purchasing an additional 446 shares during the quarter. Isthmus Partners LLC’s holdings in NVE were worth $1,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVEC. Stonebridge Capital Advisors LLC bought a new stake in shares of NVE during the first quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. bought a new position in NVE in the first quarter valued at approximately $56,000. Penn Mutual Asset Management LLC bought a new position in NVE in the first quarter valued at approximately $97,000. Secure Asset Management LLC bought a new position in NVE in the second quarter valued at approximately $206,000. Finally, Neuberger Berman Group LLC bought a new position in NVE in the first quarter valued at approximately $209,000. 68.83% of the stock is currently owned by institutional investors and hedge funds.

In other NVE news, CFO Curt A. Reynders sold 466 shares of the stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $71.37, for a total value of $33,258.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

NVEC traded down $0.06 during mid-day trading on Wednesday, hitting $67.45. The stock had a trading volume of 2 shares, compared to its average volume of 24,493. The stock’s fifty day simple moving average is $72.34 and its 200-day simple moving average is $71.57. The firm has a market capitalization of $325.99 million, a price-to-earnings ratio of 25.38 and a beta of 1.13. NVE Co. has a 1-year low of $46.00 and a 1-year high of $81.42.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, July 21st. The semiconductor company reported $0.74 earnings per share for the quarter. The company had revenue of $7.15 million for the quarter. NVE had a net margin of 53.75% and a return on equity of 17.90%.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 2nd were issued a $1.00 dividend. The ex-dividend date was Friday, July 30th. This represents a $4.00 annualized dividend and a yield of 5.93%.

Separately, TheStreet raised shares of NVE from a “c+” rating to a “b” rating in a research note on Wednesday, July 21st.

About NVE

NVE Corp. engages in the development and sale of devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. It offers Isolators, sensors, and Power ICs. The company was founded by James M. Daughton in 1989 and is headquartered in Eden Prairie, MN.

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Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

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