Royce & Associates Holds 482,523 Shares of NVE Corp Stock
Ticker: NVEC · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 724910
| Field | Detail |
|---|---|
| Company | Nve CORP /New/ (NVEC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
TL;DR
**Royce & Associates still owns a big chunk of NVE Corp, signaling continued institutional interest.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an amended SC 13G/A on January 24, 2024, disclosing its beneficial ownership in NVE Corporation (NVE CORP /NEW/). As of December 31, 2023, Royce & Associates, LP holds sole voting power over 482,523 shares of NVE Corporation's common stock. This filing indicates a significant, but not necessarily new, stake by an institutional investor, which can signal confidence in the company's long-term prospects to current and potential shareholders.
Why It Matters
This filing shows that a major institutional investor, Royce & Associates, LP, maintains a substantial position in NVE Corporation, which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure and indicates a stable, significant institutional holding, which generally reduces perceived risk.
Analyst Insight
Investors should note that a prominent institutional investor continues to hold a substantial position in NVE Corporation, which could be a positive signal, but further research into NVE's fundamentals and Royce & Associates' investment thesis would be prudent.
Key Numbers
- 482,523 — Shares Beneficially Owned (Represents the sole voting power Royce & Associates, LP holds in NVE Corporation as of December 31, 2023.)
- December 31, 2023 — Date of Event (The date on which the beneficial ownership was determined for this filing.)
- January 24, 2024 — Filing Date (The date this SC 13G/A amendment was filed with the SEC.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- NVE Corporation (company) — the issuer of the securities
- New York (company) — place of organization for Royce & Associates, LP
- Eden Prairie, MN (company) — business address for NVE Corporation
Forward-Looking Statements
- Royce & Associates, LP will likely maintain a significant stake in NVE Corporation for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: 2025-01-24
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Royce & Associates, LP, as stated in the 'NAME OF REPORTING PERSON' section of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is NVE Corporation (NVE CORP /NEW/), as identified under 'Name of Issuer' in the Schedule 13G.
How many shares of NVE Corporation's common stock does Royce & Associates, LP beneficially own with sole voting power?
Royce & Associates, LP beneficially owns 482,523 shares with sole voting power, as indicated in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER' on the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the Schedule 13G.
What is the CUSIP number for NVE Corporation's common stock?
The CUSIP number for NVE Corporation's common stock is 629445206, as listed in the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding NVE CORP /NEW/ (NVEC).