Jump Financial LLC Acquires 362 Shares of NVE Co. (NASDAQ:NVEC)

Posted by Defense World Staff on Aug 8th, 2023

Jump Financial LLC grew its holdings in NVE Co. (NASDAQ:NVEC – Free Report) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,938 shares of the semiconductor company’s stock after acquiring an additional 362 shares during the quarter. Jump Financial LLC owned 0.10% of NVE worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Millennium Management LLC grew its position in NVE by 575.5% in the 2nd quarter. Millennium Management LLC now owns 77,179 shares of the semiconductor company’s stock worth $3,598,000 after purchasing an additional 65,754 shares during the last quarter. Ashford Capital Management Inc. acquired a new position in NVE in the 4th quarter valued at approximately $3,909,000. Vanguard Group Inc. grew its holdings in shares of NVE by 21.2% during the 1st quarter. Vanguard Group Inc. now owns 326,132 shares of the semiconductor company’s stock worth $17,764,000 after purchasing an additional 56,942 shares in the last quarter. EAM Investors LLC bought a new stake in shares of NVE during the fourth quarter valued at approximately $1,674,000. Finally, Susquehanna International Group LLP acquired a new position in shares of NVE in the fourth quarter valued at $1,553,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Insider Activity at NVE

In other NVE news, CEO Daniel A. Baker sold 20,000 shares of NVE stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $87.17, for a total transaction of $1,743,400.00. Following the completion of the transaction, the chief executive officer now directly owns 66,186 shares of the company’s stock, valued at $5,769,433.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NVE news, Director Patricia M. Hollister sold 2,000 shares of NVE stock in a transaction on Monday, May 15th. The stock was sold at an average price of $86.20, for a total value of $172,400.00. Following the completion of the transaction, the director now owns 1,040 shares in the company, valued at approximately $89,648. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel A. Baker sold 20,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $87.17, for a total value of $1,743,400.00. Following the sale, the chief executive officer now owns 66,186 shares in the company, valued at approximately $5,769,433.62. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

NVE Stock Up 1.4 %

NASDAQ:NVEC opened at $81.40 on Tuesday. The firm has a market capitalization of $393.16 million, a PE ratio of 17.14 and a beta of 1.24. NVE Co. has a 12-month low of $46.00 and a 12-month high of $100.19. The firm has a 50-day moving average price of $89.77 and a 200 day moving average price of $82.74.

NVE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, July 31st will be given a dividend of $1.00 per share. The ex-dividend date is Friday, July 28th. This represents a $4.00 annualized dividend and a dividend yield of 4.91%. NVE’s dividend payout ratio (DPR) is presently 84.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of NVE from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd.

Get Our Latest Stock Analysis on NVE

NVE Company Profile

(Free Report)

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.