Shares of AVX Co. (NYSE:AVX) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price target of $20.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given AVX an industry rank of 125 out of 265 based on the ratings given to its competitors.
A number of research firms have issued reports on AVX. Zacks Investment Research raised AVX from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, January 29th. ValuEngine raised AVX from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in AVX by 7.7% in the 4th quarter. BlackRock Inc. now owns 3,266,828 shares of the electronics maker’s stock valued at $56,518,000 after buying an additional 232,254 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of AVX by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,388,456 shares of the electronics maker’s stock worth $24,021,000 after acquiring an additional 41,245 shares during the period. Geode Capital Management LLC lifted its position in shares of AVX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 533,242 shares of the electronics maker’s stock worth $9,225,000 after acquiring an additional 5,577 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of AVX by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 452,506 shares of the electronics maker’s stock worth $7,829,000 after acquiring an additional 12,782 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of AVX by 3.3% in the 4th quarter. Foundry Partners LLC now owns 317,163 shares of the electronics maker’s stock worth $5,487,000 after acquiring an additional 10,108 shares during the period. 25.47% of the stock is currently owned by hedge funds and other institutional investors.
AVX opened at $16.08 on Friday. The company has a market capitalization of $2,707.29, a price-to-earnings ratio of 19.61 and a beta of 0.86. AVX has a 12-month low of $15.85 and a 12-month high of $20.22.
AVX (NYSE:AVX) last released its earnings results on Thursday, January 25th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The firm had revenue of $431.80 million for the quarter, compared to analyst estimates of $421.60 million. AVX had a return on equity of 6.12% and a net margin of 0.48%. The company’s revenue was up 26.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. equities research analysts forecast that AVX will post 0.8 earnings per share for the current fiscal year.
AVX Corporation, together with its subsidiaries, manufactures and supplies various passive electronic components, interconnect devices, and related products worldwide. The company operates through three segments: Passive Components, Kyocera Electronic Devices (KED Resale), and Interconnect. The Passive Components segment primarily offers surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters, thick and thin film packages of multiple passive integrated components, varistors, thermistors, inductors, and resistive products.
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