AVX Corporation (NYSE:AVX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, July 13th. The brokerage presently has a $19.00 price target on the electronics maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 6.62% from the stock’s previous close.

According to Zacks, “AVX Corporation is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products. The company’s passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company’s facilities. The company also manufactures and sells electronic connectors and distributes and sells certain connectors. “

Separately, Stifel Nicolaus upped their price objective on AVX Corporation from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Monday, May 1st.

Shares of AVX Corporation (NYSE AVX) opened at 17.82 on Thursday. The firm’s 50-day moving average is $16.99 and its 200-day moving average is $16.44. The company has a market cap 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 released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $331.35 million during the quarter, compared to analyst estimates of $328 million. AVX Corporation had a return on equity of 5.72% and a net margin of 9.46%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 earnings per share. Analysts expect that AVX Corporation will post $0.76 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of AVX. 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 worth $192,000 after buying an additional 446 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of AVX Corporation during the first quarter worth about $196,000. Sei Investments Co. bought a new stake in shares of AVX Corporation during the first quarter worth about $245,000. Rational Advisors LLC bought a new stake in shares of AVX Corporation during the first quarter worth about $311,000. Finally, Oxford Asset Management bought a new stake in shares of AVX Corporation during the first quarter worth about $322,000. Institutional investors and hedge funds own 24.65% of the company’s stock.

About AVX Corporation

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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