The New Kayne Anderson Rudnick Investment Management Llc Holding in Nve Corp
Kayne Anderson Rudnick Investment Management Llc filed with the SEC SC 13G/A form for Nve Corp . The form can be accessed here: 000114036116082482. As reported in Kayne Anderson Rudnick Investment Management Llc’s form, the filler as of late owns 10.35% or 500,649 shares of the Information Technology–company.
Nve Corp stake is a new one for the for this institutional investor and it was filed because of activity on September30,2016. We feel this shows Kayne Anderson Rudnick Investment Management Llc’s positive view for the stock. For a institutional investor managing $9.04 billion in assets and having 72+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Nve Corp Institutional Sentiment
Latest Security and Exchange filings show 82 investors own Nve Corp . The institutional ownership in Q3 2015 is high, at 71.00% of the outstanding shares. This is decreased by 198467 the total institutional shares. 3436583 were the shares owned by these institutional investors. In total 13 funds opened new Nve Corp stakes, 25 increased stakes. There were 16 that closed positions and 27 reduced them.
Hudson Valley Investment Advisors Inc is an institutional investor bullish on Nve Corp , owning 25000 shares as of Q3 2015 for 0.39% of its portfolio. Mairs & Power Inc owns 528871 shares or 0.40% of its portfolio. NY Bandera Partners Llc have 1.80% of their stock portfolio for 63073 shares. Further, Conestoga Capital Advisors Llc reported stake worth 1.12% of its US stock portfolio. The IL Trigran Investments Inc owns 487120 shares. Nve Corp is 7.41% of the manager’s US portfolio.
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM). Its parts are found in industrial, scientific, and medical applications. The Company’s products include sensors, couplers and MRAM products. Its sensor products detect the strength or gradient of magnetic fields and are used to determine position or speed. Its spintronic couplers combine a GMR sensor element and an IsoLoop integrated microscopic coil. MRAM uses spintronics to store data. It combines the speed of static random-access memory (SRAM), the density of dynamic random-access memory (DRAM) and the nonvolatility of flash memory. Data is stored in the spin of the electrons in thin metal alloy films.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Kayne Anderson Rudnick Investment Management Llc website.
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.36, from 1.46 in 2016Q1. The ratio is negative, as 1 funds sold all NVE Corp shares owned while 28 reduced positions. 9 funds bought stakes while 23 increased positions. They now own 3.52 million shares or 1.20% less from 3.56 million shares in 2016Q1.
Teacher Retirement Sys Of Texas last reported 650 shares in the company. Glenmede Tru Co Na holds 445 shares or 0% of its portfolio. Schwab Charles has 6,500 shares for 0% of their US portfolio. Wasatch last reported 61,617 shares in the company. Prudential holds 13,223 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa owns 188 shares or 0% of their US portfolio. Blackrock Investment Mngmt has 0% invested in the company for 19,855 shares. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 3,762 shares. Ladenburg Thalmann Fincl Service owns 47 shares or 0% of their US portfolio. Martingale Asset L P accumulated 5,202 shares or 0.01% of the stock. Strs Ohio holds 10,600 shares or 0% of its portfolio. Deutsche Bank & Trust Ag holds 3,851 shares or 0% of its portfolio. Moreover, Envestnet Asset Mgmt Incorporated has 0% invested in NVE Corp (NASDAQ:NVEC) for 1,080 shares. Moreover, Retail Bank Of Montreal Can has 0% invested in NVE Corp (NASDAQ:NVEC) for 139 shares. Guggenheim Cap Ltd, a Illinois-based fund reported 7,942 shares.
Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 1 insider sale for $57,860 net activity. On Thursday, August 11 GLARNER TERRENCE sold $57,860 worth of the stock or 1,000 shares.
Analysts await NVE Corp (NASDAQ:NVEC) to report earnings on October, 19. They expect $0.56 earnings per share, down 17.65% or $0.12 from last year’s $0.68 per share. NVEC’s profit will be $2.71 million for 26.14 P/E if the $0.56 EPS becomes a reality. After $0.65 actual earnings per share reported by NVE Corp for the previous quarter, Wall Street now forecasts -13.85% negative EPS growth.
About 3,512 shares traded hands. NVE Corp (NASDAQ:NVEC) has risen 9.17% since March 8, 2016 and is uptrending. It has underperformed by 0.14% the S&P500.
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The company has a market cap of $283.86 million. The Firm makes spintronic products, including sensors and couplers that are used to acquire and transmit data. It has a 24.41 P/E ratio. The Firm has also licensed its spintronic magnetoresistive random access memory technology .
More notable recent NVE Corp (NASDAQ:NVEC) news were published by: Seekingalpha.com which released: “NVE Corp. (NVEC) CEO Daniel Baker on Q1 2017 Results – Earnings Call Transcript” on July 20, 2016, also Streetinsider.com with their article: “Nve Corp (VEC) Comments on Thule decision” published on June 24, 2016, Zacks.com published: “Can NVE Corp (NVEC) Stock Continue to Grow Earnings?” on June 04, 2015. More interesting news about NVE Corp (NASDAQ:NVEC) were released by: Seekingalpha.com and their article: “NVE Corporation: Mingling With Giants” published on June 26, 2016 as well as Zacks.com‘s news article titled: “NVE Corp Q1 Earnings & Revenues Miss Estimates, Fall Y/Y” with publication date: July 23, 2015.
According to Zacks Investment Research, “NVE Corp. is a recognized leader in the practical commercialization of spintronics, which many experts believe represents the next generation of microelectronics. NVE’s products include magnetic sensors and couplers which revolutionize data acquisition and transfer.”
NVEC Company Profile
NVE Corporation, incorporated on April 2, 1982, develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Firm makes spintronic products, including sensors and couplers that are used to acquire and transmit data. The Firm has also licensed its spintronic magnetoresistive random access memory technology (MRAM). The Company’s parts are found in industrial, scientific, and medical applications. The Company’s products include sensors, couplers and MRAM products.
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