Shares of AVX Co. (NYSE:AVX) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. AVX’s rating score has improved by 33.3% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $18.00 for the company and are expecting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 58 out of 255 based on the ratings given to its competitors.
A number of research analysts recently issued reports on AVX shares. Citigroup upgraded shares of AVX from a “neutral” rating to a “buy” rating in a report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of AVX from a “sell” rating to a “hold” rating in a report on Monday, June 18th. ValuEngine upgraded shares of AVX from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Finally, Stifel Nicolaus raised their price objective on shares of AVX from $16.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, July 26th.
In other AVX news, SVP Peter Venuto sold 4,795 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $20.79, for a total transaction of $99,688.05. Following the completion of the transaction, the senior vice president now owns 17,431 shares in the company, valued at approximately $362,390.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurt P. Cummings sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $18.87, for a total transaction of $1,132,200.00. Following the transaction, the chief financial officer now owns 22,812 shares of the company’s stock, valued at approximately $430,462.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,992 shares of company stock valued at $1,624,372. 0.46% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in AVX by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,499,540 shares of the electronics maker’s stock worth $86,178,000 after purchasing an additional 157,082 shares during the last quarter. BlackRock Inc. raised its holdings in AVX by 2.1% during the 2nd quarter. BlackRock Inc. now owns 3,462,679 shares of the electronics maker’s stock worth $54,257,000 after purchasing an additional 71,122 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in AVX by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,032,330 shares of the electronics maker’s stock worth $16,177,000 after purchasing an additional 12,384 shares during the last quarter. Millennium Management LLC raised its holdings in AVX by 150.8% during the 2nd quarter. Millennium Management LLC now owns 517,169 shares of the electronics maker’s stock worth $8,104,000 after purchasing an additional 310,997 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in AVX by 8.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 515,638 shares of the electronics maker’s stock worth $8,081,000 after purchasing an additional 39,600 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.
Shares of AVX traded up $0.32 during mid-day trading on Friday, reaching $20.57. The company had a trading volume of 33,020 shares, compared to its average volume of 658,057. AVX has a 1-year low of $14.51 and a 1-year high of $21.48. The company has a market cap of $3.40 billion, a P/E ratio of 25.31 and a beta of 1.00.
AVX (NYSE:AVX) last posted its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The company had revenue of $454.12 million for the quarter, compared to the consensus estimate of $412.40 million. AVX had a net margin of 1.74% and a return on equity of 7.12%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. equities analysts predict that AVX will post 1.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were issued a $0.115 dividend. The ex-dividend date was Tuesday, July 31st. This represents a $0.46 dividend on an annualized basis and a yield of 2.24%. AVX’s dividend payout ratio (DPR) is presently 57.50%.
AVX Company Profile
AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide. The company operates through three segments: Electronic Components; Interconnect, Sensing and Control Devices; and Kyocera Electronic Devices Resale.
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