Mairs & Power Inc Acquired Stake in Nve Corp

February 14, 2018 - By Stephen Andrade

 Mairs & Power Inc Acquired Stake in Nve Corp

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.16, from 1.41 in 2017Q2. It dropped, as 2 investors sold NVE Corporation shares while 30 reduced holdings. 14 funds opened positions while 26 raised stakes. 3.50 million shares or 2.91% more from 3.40 million shares in 2017Q2 were reported.

Bessemer Inc has invested 0% in NVE Corporation (NASDAQ:NVEC). Kayne Anderson Rudnick Invest Mngmt Ltd Llc holds 680,022 shares or 0.48% of its portfolio. Barclays Public Ltd Company has invested 0% of its portfolio in NVE Corporation (NASDAQ:NVEC). Wedge Cap Mngmt L Lp Nc has 17,500 shares. Los Angeles Cap Mngmt & Equity Rech Inc holds 0.01% of its portfolio in NVE Corporation (NASDAQ:NVEC) for 17,104 shares. Art Advsr Llc, New York-based fund reported 2,827 shares. Moreover, State Street has 0% invested in NVE Corporation (NASDAQ:NVEC) for 110,163 shares. Wells Fargo & Mn stated it has 0% in NVE Corporation (NASDAQ:NVEC). Alliancebernstein L P reported 4,157 shares stake. Manufacturers Life The accumulated 34,932 shares. Moreover, Guggenheim Capital Ltd Liability Corp has 0% invested in NVE Corporation (NASDAQ:NVEC) for 21,068 shares. Cadence Cap Mngmt Limited Liability Corporation invested in 17,485 shares. Waddell Reed Fincl Inc holds 62,800 shares. Credit Suisse Ag has invested 0% of its portfolio in NVE Corporation (NASDAQ:NVEC). California Pub Employees Retirement Sys holds 16,100 shares or 0% of its portfolio.

The New Mairs & Power Inc Holding in Nve Corp

Mairs & Power Inc reported SC 13G/A form with the SEC for Nve Corp . Access it here: 000110465918009372. As reported by Mairs & Power Inc, the filler owns 8.6% or 414,754 shares of the Information Technology–company.

Nve Corp stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mairs & Power Inc’s positive view for Nve Corp . For a institutional investor managing $7.72 billion in assets and having 35+ experts this is interesting position.

Nve Corp Institutional Sentiment

Filings show 82 investors own Nve Corp . The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 198467. 3436583 were owned by these investors. 13 funds opened new Nve Corp stakes, 25 increased positions. There were 16 that closed positions and 27 reduced them.

Hudson Valley Investment Advisors Inc is an 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 its portfolio for 63073 shares. Further, Conestoga Capital Advisors Llc reported stake worth 1.12% of its portfolio. The IL Trigran Investments Inc owns 487120 shares. Nve Corp is 7.41% of its portfolio.

Business Profile

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.

Mairs & Power Inc website.

The stock decreased 4.28% or $3.27 during the last trading session, reaching $73.2. About 9,232 shares traded. NVE Corporation (NASDAQ:NVEC) has risen 50.96% since February 14, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that utilizes electron spin to acquire, store, and transmit information. The company has market cap of $354.44 million. The firm makes spintronic products, including sensors and couplers for use in acquiring and transmitting data. It has a 27.14 P/E ratio. The Company’s products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.

More notable recent NVE Corporation (NASDAQ:NVEC) news were published by: Seekingalpha.com which released: “NVE Corporation: One Negative; A Plethora Of Positives” on July 31, 2017, also Globenewswire.com with their article: “NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend” published on July 19, 2017, Seekingalpha.com published: “NVE Corporation’s Latest ‘Material’ Long-Term Potential” on May 05, 2017. More interesting news about NVE Corporation (NASDAQ:NVEC) were released by: Seekingalpha.com and their article: “NVE Corporation: The Certification Difference” published on January 23, 2018 as well as Globenewswire.com‘s news article titled: “NVE Corporation Reports Third Quarter Results and Announces Quarterly Dividend” with publication date: January 17, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.