Victory Capital Management Inc. boosted its position in AVX Corp. (NYSE:AVX) by 17.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 41,817 shares of the company’s stock after buying an additional 6,252 shares during the period. Victory Capital Management Inc.’s holdings in AVX Corp. were worth $568,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of AVX Corp. during the fourth quarter worth $11,569,000. Wellington Management Group LLP boosted its stake 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 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 worth $3,301,000 after buying an additional 218,320 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AVX Corp. by 19.5% in the first quarter. Geode Capital Management LLC now owns 377,115 shares of the company’s stock worth $4,740,000 after buying an additional 61,570 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of AVX Corp. by 74.4% in the second quarter. First Trust Advisors LP now owns 308,628 shares of the company’s stock worth $4,191,000 after buying an additional 131,635 shares during the last quarter. Institutional investors and hedge funds own 24.69% of the company’s stock.
Shares of AVX Corp. (NYSE:AVX) traded up 1.78% during trading on Friday, reaching $13.69. 51,330 shares of the company were exchanged. AVX Corp. has a one year low of $10.43 and a one year high of $14.32. The company has a 50 day moving average price of $13.62 and a 200-day moving average price of $13.31. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 24.02 and a beta of 1.00.
AVX Corp. (NYSE:AVX) last posted its earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. AVX Corp. had a return on equity of 5.79% and a net margin of 9.69%. The business earned $314.82 million during the quarter, compared to analysts’ expectations of $310.80 million. During the same period in the prior year, the business earned $0.21 EPS. AVX Corp.’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts predict that AVX Corp. will post $0.72 EPS for the current year.
A number of analysts have recently weighed in on AVX shares. Zacks Investment Research upgraded shares of AVX Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Citigroup Inc. boosted their target price on shares of AVX Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a research 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 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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