Gladius Capital Management LP Has $33,000 Holdings in NVE Co. (NASDAQ:NVEC)

Gladius Capital Management LP boosted its position in shares of NVE Co. (NASDAQ:NVEC) by 159.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 420 shares of the semiconductor company’s stock after buying an additional 258 shares during the quarter. Gladius Capital Management LP’s holdings in NVE were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of NVE during the 4th quarter worth about $104,000. Watershed Asset Management L.L.C. acquired a new position in shares of NVE in the third quarter valued at approximately $254,000. Navellier & Associates Inc. bought a new position in shares of NVE during the third quarter worth approximately $275,000. Private Advisor Group LLC lifted its holdings in NVE by 27.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,681 shares of the semiconductor company’s stock worth $384,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in NVE by 72.9% in the 3rd quarter. Citigroup Inc. now owns 6,370 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 2,686 shares during the period. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Up 0.5 %

Shares of NVEC traded up $0.42 during midday trading on Thursday, reaching $77.46. 17,775 shares of the stock were exchanged, compared to its average volume of 23,126. The stock’s 50 day simple moving average is $82.92 and its 200 day simple moving average is $78.06. The company has a market cap of $374.13 million, a P/E ratio of 21.82 and a beta of 1.21. NVE Co. has a twelve month low of $64.14 and a twelve month high of $100.19.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter. NVE had a net margin of 57.46% and a return on equity of 25.83%. The firm had revenue of $7.08 million during the quarter.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.16%. NVE’s payout ratio is 112.68%.

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.