According to Zacks, “AVX Corporation is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products. The company’s passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company’s facilities. The company also manufactures and sells electronic connectors and distributes and sells certain connectors. “
Separately, Citigroup Inc. boosted their price target on AVX Corp. from $14.00 to $15.00 and gave the stock a neutral rating in a report on Thursday, July 28th.
AVX Corp. (NYSE:AVX) opened at 13.47 on Thursday. The firm’s 50-day moving average price is $13.63 and its 200-day moving average price is $13.30. AVX Corp. has a one year low of $10.43 and a one year high of $14.32. The company has a market cap of $2.26 billion, a PE ratio of 23.63 and a beta of 1.00.
AVX Corp. (NYSE:AVX) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm earned $314.82 million during the quarter, compared to analysts’ expectations of $310.80 million. AVX Corp. had a return on equity of 5.79% and a net margin of 9.69%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. On average, equities research analysts forecast that AVX Corp. will post $0.72 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of AVX Corp. by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,299,828 shares of the company’s stock worth $58,391,000 after buying an additional 220,857 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AVX Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 3,332,554 shares of the company’s stock worth $45,256,000 after buying an additional 53,333 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of AVX Corp. by 2.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,132,885 shares of the company’s stock worth $15,385,000 after buying an additional 30,057 shares during the last quarter. Norges Bank purchased a new position in shares of AVX Corp. during the fourth quarter worth about $11,569,000. Finally, Sensato Investors LLC boosted its position in shares of AVX Corp. by 37.0% in the first quarter. Sensato Investors LLC now owns 896,063 shares of the company’s stock worth $11,264,000 after buying an additional 241,902 shares during the last quarter. 24.69% of the stock is owned by institutional investors and hedge funds.
About AVX Corp.
AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors, radio frequency (RF) thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, among others.
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