Allspring Global Investments Holdings LLC Has $602,000 Stock Holdings in NVE Co. (NASDAQ:NVEC)

Allspring Global Investments Holdings LLC lessened its stake in NVE Co. (NASDAQ:NVEC) by 22.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,535 shares of the semiconductor company’s stock after selling 2,191 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NVE were worth $602,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of NVE during the 3rd quarter worth $110,000. Sequoia Financial Advisors LLC acquired a new position in shares of NVE during the 2nd quarter worth $238,000. Principal Financial Group Inc. increased its stake in shares of 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. Kings Path Partners LLC acquired a new position in shares of NVE during the 2nd quarter worth $443,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of NVE during the 2nd quarter worth $460,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

NVE Stock Up 0.7 %

Shares of NVEC opened at $75.92 on Friday. The company’s fifty day moving average is $78.60 and its 200-day moving average is $78.22. NVE Co. has a 12 month low of $67.11 and a 12 month high of $90.24. The firm has a market cap of $366.69 million, a price-to-earnings ratio of 22.73 and a beta of 1.14.

NVE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 4th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Monday, November 4th. NVE’s dividend payout ratio is currently 119.76%.

Insider Buying and Selling

In other NVE news, Director Terrence Glarner sold 344 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total value of $27,076.24. Following the completion of the sale, the director now directly owns 1,200 shares of the company’s stock, valued at $94,452. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

NVE Company 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.