Trigran Investments Lowers stake in NVE Corp (NVEC)

NVE Corp (NVEC) : Trigran Investments reduced its stake in NVE Corp by 7.56% during the most recent quarter end. The investment management company now holds a total of 447,030 shares of NVE Corp which is valued at $26,021,616 after selling 36,564 shares in NVE Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.NVE Corp makes up approximately 6.54% of Trigran Investments’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in NVEC by selling 744 shares or 4.96% in the most recent quarter. The Hedge Fund company now holds 14,269 shares of NVEC which is valued at $830,598.California Public Employees Retirement System reduced its stake in NVEC by selling 600 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 18,800 shares of NVEC which is valued at $1,081,000.Swiss National Bank boosted its stake in NVEC in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 8,500 shares of NVE Corp which is valued at $488,750.

NVE Corp closed down -0.08 points or -0.14% at $58.15 with 5,312 shares getting traded on Tuesday. Post opening the session at $58.2299, the shares hit an intraday low of $57.3885 and an intraday high of $58.23 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

NVE Corporation develops and sells devices that use spintronics a nanotechnology that relies on electron spin rather than electron charge to acquire store and transmit information. The Company manufactures spintronic products including sensors and couplers that are used to acquire and transmit data. It 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 often used to determine position or speed. Its spintronic couplers combine a giant magnetoresistance (GMR) sensor element and an IsoLoop integrated microscopic coil. The Company’s MRAM uses spintronics to store data.

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