Dimensional Fund Advisors LP raised its stake in shares of AVX Corp. (NYSE:AVX) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,299,828 shares of the company’s stock after buying an additional 220,857 shares during the period. Dimensional Fund Advisors LP owned about 2.57% of AVX Corp. worth $58,391,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of AVX Corp. during the fourth quarter valued at about $11,569,000. Sensato Investors LLC increased 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 in the last quarter. Foundry Partners LLC increased 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 in the last quarter. First Trust Advisors LP increased its stake in AVX Corp. by 74.4% in the second quarter. First Trust Advisors LP now owns 308,628 shares of the company’s stock valued at $4,191,000 after buying an additional 131,635 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in AVX Corp. during the second quarter valued at $1,644,000. Institutional investors and hedge funds own 24.69% of the company’s stock.
Shares of AVX Corp. (NYSE:AVX) traded up 0.37% during trading on Tuesday, reaching $13.72. 16,010 shares of the company were exchanged. The stock has a market capitalization of $2.30 billion, a P/E ratio of 24.07 and a beta of 0.97. AVX Corp. has a 1-year low of $10.43 and a 1-year high of $14.32. The firm has a 50-day moving average price of $13.62 and a 200-day moving average price of $13.35.
AVX Corp. (NYSE:AVX) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. AVX Corp. had a net margin of 9.69% and a return on equity of 5.79%. The firm had revenue of $314.82 million for the quarter, compared to analyst estimates of $310.80 million. During the same period last year, the business earned $0.21 EPS. AVX Corp.’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts predict that AVX Corp. will post $0.72 earnings per share for the current fiscal year.
Several research firms have recently weighed in on AVX. Zacks Investment Research raised shares of AVX Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Citigroup Inc. lifted their price target on shares of AVX Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th.
About AVX Corp.
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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