AVX Co. (NYSE:AVX) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Analysts have set a twelve-month consensus price target of $19.50 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given AVX an industry rank of 218 out of 255 based on the ratings given to related companies.

A number of brokerages have weighed in on AVX. Zacks Investment Research cut shares of AVX from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. ValuEngine upgraded shares of AVX from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of AVX from $15.00 to $19.50 and gave the stock a “hold” rating in a report on Wednesday, November 27th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of AVX by 8.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,994,313 shares of the electronics maker’s stock valued at $99,506,000 after purchasing an additional 491,022 shares in the last quarter. BlackRock Inc. boosted its position in AVX by 14.1% in the 2nd quarter. BlackRock Inc. now owns 3,676,023 shares of the electronics maker’s stock valued at $61,021,000 after buying an additional 454,814 shares during the period. Wells Fargo & Company MN grew its stake in shares of AVX by 25.5% in the second quarter. Wells Fargo & Company MN now owns 1,988,313 shares of the electronics maker’s stock worth $33,006,000 after acquiring an additional 403,916 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of AVX by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 1,089,318 shares of the electronics maker’s stock worth $18,082,000 after acquiring an additional 43,527 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of AVX by 33.6% in the second quarter. Northern Trust Corp now owns 1,054,170 shares of the electronics maker’s stock worth $17,500,000 after acquiring an additional 265,208 shares in the last quarter. Institutional investors and hedge funds own 26.40% of the company’s stock.

Shares of AVX stock opened at $20.41 on Friday. The firm has a market cap of $3.44 billion, a PE ratio of 12.68 and a beta of 1.31. AVX has a 52 week low of $13.03 and a 52 week high of $20.78. The business’s fifty day simple moving average is $16.42 and its 200-day simple moving average is $15.57.

AVX (NYSE:AVX) last issued its quarterly earnings data on Monday, October 28th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). AVX had a net margin of 13.97% and a return on equity of 9.69%. The company had revenue of $377.29 million during the quarter, compared to analysts’ expectations of $384.90 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. On average, research analysts expect that AVX will post 0.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 7th. AVX’s dividend payout ratio (DPR) is 28.57%.

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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