Citadel Advisors LLC Raises Position in AVX Corporation (AVX)

Citadel Advisors LLC increased its position in shares of AVX Corporation (NYSE:AVX) by 64.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,059 shares of the electronics maker’s stock after buying an additional 74,903 shares during the period. Citadel Advisors LLC’s holdings in AVX Corporation were worth $3,130,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Heartland Advisors Inc. raised its stake in 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 last quarter. Campbell & CO Investment Adviser LLC bought a new stake in AVX Corporation during the first quarter worth approximately $196,000. Sei Investments Co. bought a new stake in AVX Corporation during the first quarter worth approximately $245,000. Rational Advisors LLC bought a new stake in AVX Corporation during the first quarter worth approximately $311,000. Finally, Oxford Asset Management acquired a new position in AVX Corporation during the first quarter valued at $322,000. 24.57% of the stock is currently owned by institutional investors and hedge funds.

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

AVX Corporation (AVX) traded down 0.68% during trading on Tuesday, reaching $16.18. The company had a trading volume of 45,768 shares. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 21.57 and a beta of 0.76. The stock has a 50 day moving average price of $16.49 and a 200 day moving average price of $16.16. AVX Corporation has a 12 month low of $13.01 and a 12 month high of $17.72.

AVX Corporation (NYSE:AVX) last issued its quarterly earnings results on Friday, April 28th. The electronics maker reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. AVX Corporation had a return on equity of 5.77% and a net margin of 9.45%. The business had revenue of $329.60 million for the quarter, compared to the consensus estimate of $328.60 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. AVX Corporation’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that AVX Corporation will post $0.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.70%. AVX Corporation’s dividend payout ratio is 59.46%.

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Several research firms recently weighed in on AVX. Stifel Nicolaus increased their target price on AVX Corporation from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Zacks Investment Research downgraded AVX Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, May 3rd.

AVX Corporation 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 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AVX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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