AVX Corporation (NYSE:AVX) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus target price of $17.00 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned AVX Corporation an industry rank of 51 out of 265 based on the ratings given to related companies.
A number of brokerages have recently commented on AVX. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 target price on shares of AVX Corporation in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of AVX Corporation from a “strong-buy” rating to a “sell” rating in a research note on Monday, October 30th. Finally, BidaskClub downgraded shares of AVX Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its stake in shares of AVX Corporation by 0.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 135,302 shares of the electronics maker’s stock worth $2,216,000 after purchasing an additional 590 shares during the last quarter. Aperio Group LLC grew its stake in shares of AVX Corporation by 1.5% in the 2nd quarter. Aperio Group LLC now owns 49,891 shares of the electronics maker’s stock worth $815,000 after purchasing an additional 725 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of AVX Corporation by 0.4% in the 2nd quarter. Martingale Asset Management L P now owns 185,217 shares of the electronics maker’s stock worth $3,027,000 after purchasing an additional 800 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of AVX Corporation by 30.1% in the 1st quarter. Wellington Management Group LLP now owns 36,871 shares of the electronics maker’s stock worth $604,000 after purchasing an additional 8,523 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of AVX Corporation in the 3rd quarter worth approximately $226,000. 24.17% of the stock is currently owned by institutional investors.
Shares of AVX Corporation (NYSE AVX) traded down $0.27 on Tuesday, hitting $17.66. 119,700 shares of the company traded hands, compared to its average volume of 165,627. The stock has a market capitalization of $3,017.69, a P/E ratio of 22.14 and a beta of 0.87. AVX Corporation has a fifty-two week low of $14.51 and a fifty-two week high of $20.22.
AVX Corporation (NYSE:AVX) last posted its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $352.70 million for the quarter, compared to the consensus estimate of $348.30 million. AVX Corporation had a net margin of 10.02% and a return on equity of 6.08%. AVX Corporation’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. analysts forecast that AVX Corporation will post 0.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be given a $0.115 dividend. This is an increase from AVX Corporation’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, November 1st. AVX Corporation’s dividend payout ratio (DPR) is presently 56.79%.
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.
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