Foundry Partners LLC Acquires 9,325 Shares of NVE Co. (NASDAQ:NVEC)

Foundry Partners LLC raised its holdings in NVE Co. (NASDAQ:NVEC) by 50.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,925 shares of the semiconductor company’s stock after acquiring an additional 9,325 shares during the period. Foundry Partners LLC owned about 0.58% of NVE worth $2,190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC grew its position in NVE by 9.0% in the third quarter. Penserra Capital Management LLC now owns 26,477 shares of the semiconductor company’s stock valued at $2,174,000 after acquiring an additional 2,178 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in NVE in the third quarter valued at about $1,475,000. Aviva PLC bought a new position in NVE in the third quarter valued at about $590,000. Citigroup Inc. grew its position in NVE by 72.9% in the third quarter. Citigroup Inc. now owns 6,370 shares of the semiconductor company’s stock valued at $523,000 after acquiring an additional 2,686 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC bought a new position in NVE in the fourth quarter valued at about $2,855,000. Institutional investors own 65.95% of the company’s stock.

NVE Stock Up 0.9 %

NVE stock opened at $78.67 on Tuesday. NVE Co. has a 12-month low of $64.14 and a 12-month high of $100.19. The business’s 50-day moving average price is $83.64 and its two-hundred day moving average price is $77.97. The stock has a market cap of $379.98 million, a PE ratio of 17.64 and a beta of 1.19.

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.