Royce & Associates Updates NVE Corp. Stake to 485,023 Shares
Ticker: NVEC · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 724910
| Field | Detail |
|---|---|
| Company | Nve CORP /New/ (NVEC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors, investor-update
TL;DR
**Royce & Associates now owns 485,023 shares of NVE Corp, signaling a change in their institutional stake.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an amended SC 13G/A on February 7, 2024, disclosing their beneficial ownership in NVE Corporation (NVE CORP /NEW/). As of January 31, 2024, Royce & Associates, LP holds sole voting power over 485,023 shares of NVE Corporation's Common Stock. This filing indicates a change in their holdings, which is important for investors as it shows a significant institutional investor's updated position in the company, potentially signaling their confidence or lack thereof in NVE's future performance.
Why It Matters
This filing reveals a major institutional investor's current stake in NVE Corporation, offering insight into their investment strategy and potentially influencing other investors' perceptions of the stock.
Risk Assessment
Risk Level: low — This filing is an update on an existing institutional holding and does not introduce new significant risks to the company or its investors.
Analyst Insight
Investors should note this updated institutional ownership as part of their due diligence, but not solely rely on it. Further research into NVE Corporation's fundamentals and Royce & Associates' investment thesis would be prudent.
Key Numbers
- 485,023 — Shares Beneficially Owned (Represents the total number of NVE Corporation Common Stock shares over which Royce & Associates, LP has sole voting power as of January 31, 2024.)
- 629445206 — CUSIP Number (Unique identifier for NVE Corporation's Common Stock, ensuring accurate identification of the security.)
Key Players & Entities
- Royce & Associates, LP (company) — the investment firm reporting its beneficial ownership
- NVE Corporation (company) — the issuer of the securities being reported on
- New York (company) — place of organization for Royce & Associates, LP
- January 31, 2024 (date) — date of the event requiring the filing
- February 7, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- Other institutional investors may review Royce & Associates' updated position and potentially adjust their own holdings in NVE Corporation. (NVE Corporation) — medium confidence, target: Q2 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by an institutional investor to report beneficial ownership of 5% or more of a company's stock. The '/A' indicates it's an amendment to a previously filed statement, updating the disclosed information, such as changes in share count or voting power, as seen with Royce & Associates, LP's updated stake in NVE Corporation.
Who is the reporting person in this filing and what is their identification number?
The reporting person is Royce & Associates, LP, and their S.S. or I.R.S. Identification No. is 52-2343049, as stated on the cover page of the filing.
What type of securities does Royce & Associates, LP beneficially own in NVE Corporation?
Royce & Associates, LP beneficially owns 'Common Stock' of NVE Corporation, as specified under the 'Title of Class of Securities' section of the filing.
When was the event that required this amendment filing?
The date of the event which required the filing of this statement was January 31, 2024, according to the filing's cover page.
What is the sole voting power held by Royce & Associates, LP over NVE Corporation shares?
Royce & Associates, LP holds sole voting power over 485,023 shares of NVE Corporation, as detailed in item 5 of the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding NVE CORP /NEW/ (NVEC).