AVX Corporation (NYSE:AVX) Shares Sold by American International Group Inc.
American International Group Inc. reduced its position in shares of AVX Corporation (NYSE:AVX) by 73.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,610 shares of the electronics maker’s stock after selling 81,105 shares during the period. American International Group Inc.’s holdings in AVX Corporation were worth $469,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Heartland Advisors Inc. increased its stake in shares of AVX Corporation by 3.9% in the first quarter. Heartland Advisors Inc. now owns 11,738 shares of the electronics maker’s stock valued at $192,000 after buying an additional 446 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in AVX Corporation during the first quarter worth about $196,000. Sei Investments Co. purchased a new position in AVX Corporation during the first quarter worth about $245,000. Rational Advisors LLC purchased a new position in AVX Corporation during the first quarter worth about $311,000. Finally, Oxford Asset Management purchased a new position in AVX Corporation during the first quarter worth about $322,000. 24.65% of the stock is currently owned by institutional investors.
AVX Corporation (AVX) traded up 1.31% during trading on Tuesday, reaching $17.82. The company had a trading volume of 164,965 shares. The company has a 50-day moving average price of $16.99 and a 200 day moving average price of $16.44. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 23.45 and a beta of 0.81. AVX Corporation has a one year low of $13.08 and a one year high of $18.44.
AVX Corporation (NYSE:AVX) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $331.35 million during the quarter, compared to analyst estimates of $328 million. AVX Corporation had a net margin of 9.46% and a return on equity of 5.72%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Analysts expect that AVX Corporation will post $0.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.47%. AVX Corporation’s payout ratio is currently 58.67%.
AVX has been the subject of a number of research reports. Zacks Investment Research upgraded AVX Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, April 13th. Stifel Nicolaus increased their target price on AVX Corporation from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Finally, BidaskClub upgraded AVX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
AVX Corporation 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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