Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Trims Stock Position in NVE Co. (NASDAQ:NVEC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in NVE Co. (NASDAQ:NVECGet Rating) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,873 shares of the semiconductor company’s stock after selling 224 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NVE were worth $927,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its stake in shares of NVE by 2.7% in the 2nd quarter. Exchange Traded Concepts LLC now owns 9,742 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 257 shares during the last quarter. MetLife Investment Management LLC lifted its position in NVE by 54.6% in the first quarter. MetLife Investment Management LLC now owns 3,201 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 1,131 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in NVE by 97.9% during the first quarter. Advisor Group Holdings Inc. now owns 768 shares of the semiconductor company’s stock worth $41,000 after buying an additional 380 shares during the period. Foundry Partners LLC increased its position in shares of NVE by 1.7% during the third quarter. Foundry Partners LLC now owns 34,945 shares of the semiconductor company’s stock valued at $1,630,000 after acquiring an additional 575 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of NVE in the 3rd quarter valued at approximately $467,000. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

NVE Price Performance

NASDAQ NVEC opened at $74.52 on Friday. The company has a market cap of $360.01 million, a P/E ratio of 20.53 and a beta of 1.21. The stock has a 50-day moving average of $67.00 and a two-hundred day moving average of $57.34. NVE Co. has a 1-year low of $43.35 and a 1-year high of $75.89.

NVE (NASDAQ:NVECGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The semiconductor company reported $1.26 EPS for the quarter. NVE had a net margin of 56.37% and a return on equity of 27.12%. The business had revenue of $10.72 million during the quarter.

Wall Street Analyst Weigh In

NVEC has been the subject of a number of research analyst reports. StockNews.com raised shares of NVE from a “hold” rating to a “buy” rating in a research report on Tuesday, October 25th. TheStreet upgraded NVE from a “c+” rating to a “b-” rating in a research report on Monday, October 24th.

NVE Profile

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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.

See Also

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Institutional Ownership by Quarter for NVE (NASDAQ:NVEC)

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