5 Technology Dividend Stocks with Over 4% Yield

In this article, we discuss 5 technology dividend stocks with over 4% yield. If you want our detailed analysis of these stocks, go directly to 10 Technology Dividend Stocks with Over 4% Yield. 

5. NVE Corporation (NASDAQ:NVEC)

Dividend Yield as of February 11: 7.15%

Number of Hedge Fund Holders: 7

NVE Corporation (NASDAQ:NVEC) is a company that leverages spintronics, a nanotechnology that NVE Corporation (NASDAQ:NVEC) helped create, which uses electron spin rather than electron charge to acquire, store, and transmit information. NVE Corporation (NASDAQ:NVEC) designs and develops high-performance spintronic products, including sensors and couplers, that are used for transmitting data. The company has also licensed its spintronic magnetoresistive random access memory technology, commonly known as MRAM.

NVE Corporation (NASDAQ:NVEC) posted its financial results on October 21 for Q2 FY22, announcing that total revenue for the period increased 56% to $6.82 million, up from $4.38 million in the prior-year quarter. The higher revenue was the result of a 59% increase in product sales. Net income over the period jumped 64% to $3.65 million, or $0.75 per share, which is an increase from $2.22 million, or $0.46 per share, from the preceding-year quarter.

The largest NVE Corporation (NASDAQ:NVEC) stakeholder from Q3 2021 is Royce & Associates, increasing its stake in the company by 6% as of September, holding 450,561 shares worth $28.8 million. Overall, 7 hedge funds in the third quarter database of Insider Monkey reported owning stakes worth $51.95 million in NVE Corporation (NASDAQ:NVEC). 

In addition to Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Intel Corporation (NASDAQ:INTC), elite funds are steadily piling into NVE Corporation (NASDAQ:NVEC).