North Point Portfolio Managers Corp OH continued to hold its stake in AVX Corp. (NYSE:AVX) during the second quarter, according to its most recent filing with the SEC. The fund owned 17,000 shares of the company’s stock at the end of the second quarter. North Point Portfolio Managers Corp OH’s holdings in AVX Corp. were worth $231,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in AVX Corp. during the fourth quarter valued at about $11,569,000. Sensato Investors LLC raised its stake in AVX Corp. by 37.0% in the first quarter. Sensato Investors LLC now owns 896,063 shares of the company’s stock valued at $11,264,000 after buying an additional 241,902 shares during the last quarter. Prudential PLC raised its stake in AVX Corp. by 16.9% in the first quarter. Prudential PLC now owns 441,630 shares of the company’s stock valued at $5,551,000 after buying an additional 63,857 shares during the last quarter. Geode Capital Management LLC raised its stake in AVX Corp. by 19.5% in the first quarter. Geode Capital Management LLC now owns 377,115 shares of the company’s stock valued at $4,740,000 after buying an additional 61,570 shares during the last quarter. Finally, Foundry Partners LLC raised its stake 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 last quarter. Hedge funds and other institutional investors own 24.69% of the company’s stock.
AVX Corp. (NYSE:AVX) traded up 0.97% during trading on Tuesday, reaching $13.60. 69,670 shares of the company traded hands. The company’s 50-day moving average price is $13.63 and its 200 day moving average price is $13.30. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 23.86 and a beta of 1.00. AVX Corp. has a 52 week low of $10.43 and a 52 week high of $14.32.
AVX Corp. (NYSE:AVX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $314.82 million for the quarter, compared to analysts’ expectations of $310.80 million. AVX Corp. had a net margin of 9.69% and a return on equity of 5.79%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, equities research analysts expect that AVX Corp. will post $0.72 EPS for the current year.
AVX has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of AVX Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Citigroup Inc. increased their price target on shares of AVX Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 28th.
AVX Corp. 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 primarily of surface mount and leaded ceramic capacitors, radio frequency (RF) thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, among others.
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