California Public Employees Retirement System cut its position in AVX Corp. (NYSE:AVX) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 119,600 shares of the company’s stock after selling 3,500 shares during the period. California Public Employees Retirement System owned 0.07% of AVX Corp. worth $1,624,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new position in AVX Corp. during the second quarter worth about $1,644,000. Bank of New York Mellon Corp boosted its stake in shares of AVX Corp. by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 879,755 shares of the company’s stock valued at $11,947,000 after buying an additional 55,931 shares in the last quarter. Strs Ohio boosted its stake in shares of AVX Corp. by 21.9% in the second quarter. Strs Ohio now owns 54,200 shares of the company’s stock valued at $736,000 after buying an additional 9,744 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of AVX Corp. by 882.7% in the second quarter. Foundry Partners LLC now owns 243,053 shares of the company’s stock valued at $3,301,000 after buying an additional 218,320 shares in the last quarter. Finally, Sensato Investors LLC boosted its stake 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 valued at $11,264,000 after buying an additional 241,902 shares in the last quarter. Hedge funds and other institutional investors own 24.69% of the company’s stock.
AVX Corp. (NYSE:AVX) traded down 1.00% during midday trading on Friday, reaching $13.80. The company’s stock had a trading volume of 339,412 shares. The company’s 50-day moving average is $13.64 and its 200 day moving average is $13.37. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 24.21 and a beta of 0.97. AVX Corp. has a 12-month low of $10.43 and a 12-month high of $14.32.
AVX Corp. (NYSE:AVX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $314.82 million for 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 business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Equities analysts forecast that AVX Corp. will post $0.72 earnings per share for the current year.
Several brokerages recently weighed in on AVX. Zacks Investment Research upgraded AVX Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Citigroup Inc. increased their target price on AVX Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 28th.
AVX Corp. Company Profile
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 of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.
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