BlackRock Discloses 6.6% Passive Stake in NVE Corp
Ticker: NVEC · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 724910
| Field | Detail |
|---|---|
| Company | Nve CORP /New/ (NVEC) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a 6.6% passive stake in NVE Corp, a quiet vote of confidence.**
AI Summary
BlackRock Inc. reported on January 26, 2024, that as of December 31, 2023, it beneficially owns 302,596 shares of NVE Corp's Common Stock, representing 6.6% of the company. This filing indicates BlackRock's significant, but passive, investment in NVE Corp, a semiconductor company. For investors, this matters because it shows a major institutional investor has confidence in NVE Corp, potentially signaling stability or future growth, but BlackRock isn't looking to influence management.
Why It Matters
A large institutional investor like BlackRock holding a significant stake can provide a vote of confidence for NVE Corp, but their passive nature means they won't be pushing for operational changes.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by signaling stability rather than active, potentially disruptive, involvement.
Analyst Insight
A smart investor would note BlackRock's passive stake as a sign of institutional confidence, but understand it doesn't signal any impending strategic changes or activist involvement, thus requiring further fundamental analysis of NVE Corp itself.
Key Numbers
- 302,596 — Shares Beneficially Owned (BlackRock's total shares in NVE Corp)
- 6.6% — Ownership Percentage (BlackRock's stake in NVE Corp's Common Stock)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership is reported)
Key Players & Entities
- BlackRock Inc. (company) — reporting person, institutional investor
- NVE CORP /NEW/ (company) — subject company, semiconductor manufacturer
- 302,596 shares (dollar_amount) — shares beneficially owned by BlackRock
- 6.6% (dollar_amount) — percentage of NVE Corp's class of securities owned by BlackRock
- December 31, 2023 (person) — date of event requiring the filing
- January 26, 2024 (person) — filing date
Forward-Looking Statements
- BlackRock will maintain a passive investment strategy in NVE Corp. (BlackRock Inc.) — high confidence, target: next 12 months
- NVE Corp's stock price will experience minor, if any, immediate impact from this passive filing. (NVE CORP /NEW/) — medium confidence, target: next 1 week
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., as stated in the 'Names of reporting persons' section of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is NVE CORP, as indicated under the 'Name of Issuer' section of the Schedule 13G.
What percentage of NVE Corp's Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 6.6% of NVE Corp's Common Stock, as per the filing details.
As of what date was the ownership percentage reported by BlackRock Inc. accurate?
The ownership percentage was accurate as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 by December 31, 2023 regarding NVE CORP /NEW/ (NVEC).