AVX Corp. (AVX) Shares Bought by Jolley Asset Management LLC
Jolley Asset Management LLC boosted its stake in shares of AVX Corp. (NYSE:AVX) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,815 shares of the company’s stock after buying an additional 1,056 shares during the period. AVX Corp. comprises approximately 2.8% of Jolley Asset Management LLC’s holdings, making the stock its 18th largest position. Jolley Asset Management LLC owned approximately 0.15% of AVX Corp. worth $3,431,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in AVX. Goldman Sachs Group Inc. raised its stake in shares of AVX Corp. by 70.0% in the first quarter. Goldman Sachs Group Inc. now owns 67,385 shares of the company’s stock valued at $847,000 after buying an additional 27,739 shares in the last quarter. Foundry Partners LLC raised its position in 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 during the period. Strs Ohio raised its position in 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 during the period. Bank of New York Mellon Corp raised its position in 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 during the period. Finally, Emerald Acquisition Ltd. bought a new position in AVX Corp. during the second quarter valued at approximately $1,644,000. 24.24% of the stock is owned by hedge funds and other institutional investors.
AVX Corp. (NYSE:AVX) traded down 0.07% during trading on Wednesday, hitting $15.19. The stock had a trading volume of 128,189 shares. The stock has a 50-day moving average price of $14.32 and a 200-day moving average price of $13.83. AVX Corp. has a 52 week low of $10.43 and a 52 week high of $15.42. The company has a market cap of $2.54 billion, a PE ratio of 27.12 and a beta of 0.89.
AVX Corp. (NYSE:AVX) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. AVX Corp. had a net margin of 9.26% and a return on equity of 5.44%. The firm had revenue of $327.50 million for the quarter, compared to the consensus estimate of $316.40 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Equities analysts predict that AVX Corp. will post $0.73 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.90%. This is a boost from AVX Corp.’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, November 3rd. AVX Corp.’s dividend payout ratio is 64.71%.
Separately, Zacks Investment Research raised AVX Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd.
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 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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