Martingale Asset Management L P boosted its stake in shares of AVX Corporation (NYSE:AVX) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 185,217 shares of the electronics maker’s stock after purchasing an additional 800 shares during the period. Martingale Asset Management L P owned 0.11% of AVX Corporation worth $3,027,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in AVX Corporation by 46.7% during the second quarter. Russell Investments Group Ltd. now owns 129,718 shares of the electronics maker’s stock valued at $2,120,000 after purchasing an additional 41,278 shares during the last quarter. Aperio Group LLC boosted its position in AVX Corporation by 1.5% during the second quarter. Aperio Group LLC now owns 49,891 shares of the electronics maker’s stock valued at $815,000 after purchasing an additional 725 shares during the last quarter. AQR Capital Management LLC boosted its position in AVX Corporation by 62.7% during the first quarter. AQR Capital Management LLC now owns 190,527 shares of the electronics maker’s stock valued at $3,121,000 after purchasing an additional 73,420 shares during the last quarter. Gotham Asset Management LLC boosted its position in AVX Corporation by 4.6% during the first quarter. Gotham Asset Management LLC now owns 253,467 shares of the electronics maker’s stock valued at $4,152,000 after purchasing an additional 11,129 shares during the last quarter. Finally, State Street Corp boosted its position in AVX Corporation by 3.3% during the first quarter. State Street Corp now owns 948,875 shares of the electronics maker’s stock valued at $15,545,000 after purchasing an additional 30,198 shares during the last quarter. 24.44% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.thecerbatgem.com/2017/09/18/martingale-asset-management-l-p-buys-800-shares-of-avx-corporation-avx.html.

Shares of AVX Corporation (NYSE:AVX) opened at 17.54 on Monday. AVX Corporation has a 52-week low of $13.15 and a 52-week high of $18.44. The firm has a market capitalization of $2.95 billion, a PE ratio of 23.08 and a beta of 0.81. The stock has a 50 day moving average price of $17.29 and a 200-day moving average price of $16.68.

AVX Corporation (NYSE:AVX) last issued its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.19 EPS 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 $328.00 million. AVX Corporation had a return on equity of 5.69% and a net margin of 9.46%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Equities analysts forecast that AVX Corporation will post $0.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Monday, August 14th. AVX Corporation’s dividend payout ratio is presently 58.67%.

AVX has been the subject of several recent research reports. Zacks Investment Research cut AVX Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub raised AVX Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $17.00 price target on shares of AVX Corporation in a research report on Friday, July 28th.

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.

Institutional Ownership by Quarter for AVX Corporation (NYSE:AVX)

Receive News & Stock Ratings for AVX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AVX Corporation and related stocks with our FREE daily email newsletter.