Insight Capital Sells Remaining Stake in NVE Corp (NVEC)

November 20, 2006 3:03 PM EST
In an amended 13G filing on NVE Corporation (NASDAQ: NVEC), Insight Capital Research & Management, Inc. disclosed a 0.1% stake (92 shares) in the company. This is down from the recently disclosed 5.2% stake (240K; 10/2706), which was lowered from a prior 10.9% stake (505K shares; 10/03/06)

NVE is a leader in the practical commercialization of spintronics, a nanotechnology that many experts believe represents the next generation of microelectronics. NVE licenses its MRAM intellectual property and sells spintronic sensors and couplers to revolutionize data sensing and transmission. Shares of the stock have surged over the past 5-6 months.

Shares of NVE Corporation are down 1% to $40.33 per share in afternoon action Monday.

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