Vanguard Discloses 7.6% Passive Stake in NVE Corp

TL;DR

**Vanguard just revealed a 7.6% stake in NVE Corp, a big institutional vote of confidence.**

AI Summary

The Vanguard Group, a major investment management company, reported on February 13, 2024, that it beneficially owns 349,744 shares of NVE Corp's common stock as of December 29, 2023. This represents 7.6% of NVE Corp's total outstanding shares. This filing indicates Vanguard's significant passive investment in NVE Corp, signaling confidence from a large institutional investor, which could be a positive sign for current and prospective shareholders.

Why It Matters

This filing shows that a major institutional investor, Vanguard, holds a substantial stake in NVE Corp, which can be interpreted as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a passive investment by a large fund, indicating stability rather than an aggressive move that could introduce volatility.

Analyst Insight

A smart investor would view this as a positive signal, as large institutional ownership by a passive fund like Vanguard often suggests stability and long-term value, potentially warranting further research into NVE Corp's fundamentals.

Key Numbers

• 349,744 — Shares Beneficially Owned (The total number of NVE Corp common stock shares Vanguard holds.)
• 7.6% — Ownership Percentage (The percentage of NVE Corp's common stock owned by Vanguard, indicating a significant stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this SC 13G filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• NVE Corp (company) — issuer of the securities
• 349,744 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 7.6% (dollar_amount) — percentage of NVE Corp's class of securities beneficially owned by Vanguard
• December 29, 2023 (person) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain its passive stake in NVE Corp for the foreseeable future. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv01583-nvecorp.htm (SC 13G) — 11KB
• 0001104659-24-021594.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: NVE Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 11409 Valley View Road Eden Prairie, MN 55344-3617

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 629445206

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G filing on SEC EDGAR