Systematic Financial Management LP lowered its position in AVX Corp. (NYSE:AVX) by 26.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,890 shares of the company’s stock after selling 33,650 shares during the period. Systematic Financial Management LP owned about 0.06% of AVX Corp. worth $1,302,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AVX. Legal & General Group Plc raised its position in shares of AVX Corp. by 15.9% in the first quarter. Legal & General Group Plc now owns 9,856 shares of the company’s stock worth $123,000 after buying an additional 1,353 shares during the period. Wellington Management Group LLP raised its position in shares of AVX Corp. by 96.2% in the first quarter. Wellington Management Group LLP now owns 20,863 shares of the company’s stock worth $262,000 after buying an additional 10,232 shares during the period. Victory Capital Management Inc. raised its position in shares of AVX Corp. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 41,817 shares of the company’s stock worth $568,000 after buying an additional 6,252 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of AVX Corp. by 62.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,956 shares of the company’s stock worth $603,000 after buying an additional 18,426 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of AVX Corp. by 1.2% in the second quarter. Nationwide Fund Advisors now owns 47,937 shares of the company’s stock worth $651,000 after buying an additional 586 shares during the period. Institutional investors and hedge funds own 24.69% of the company’s stock.
AVX Corp. (NYSE:AVX) traded down 0.37% during mid-day trading on Monday, reaching $13.56. 27,830 shares of the company were exchanged. AVX Corp. has a 12 month low of $10.43 and a 12 month high of $14.32. The stock has a market capitalization of $2.27 billion, a P/E ratio of 23.79 and a beta of 1.00. The company’s 50 day moving average price is $13.64 and its 200-day moving average price is $13.27.
AVX Corp. (NYSE:AVX) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $314.82 million for the quarter, compared to analysts’ expectations of $310.80 million. AVX Corp. had a net margin of 9.69% and a return on equity of 5.79%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities analysts expect that AVX Corp. will post $0.72 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on AVX. Zacks Investment Research upgraded shares of AVX Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Citigroup Inc. boosted their price target on shares of AVX Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note 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 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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