Teachers Advisors LLC decreased its stake in shares of AVX Corporation (NYSE:AVX) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,674 shares of the electronics maker’s stock after selling 4 shares during the period. Teachers Advisors LLC’s holdings in AVX Corporation were worth $1,485,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Heartland Advisors Inc. raised its position in AVX Corporation by 3.9% in the first quarter. Heartland Advisors Inc. now owns 11,738 shares of the electronics maker’s stock valued at $192,000 after buying an additional 446 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in AVX Corporation during the first quarter valued at $196,000. Sei Investments Co. purchased a new position in AVX Corporation during the first quarter valued at $245,000. Rational Advisors LLC purchased a new position in AVX Corporation during the first quarter valued at $311,000. Finally, Oxford Asset Management purchased a new position in AVX Corporation during the first quarter valued at $322,000. 24.75% of the stock is owned by hedge funds and other institutional investors.
Shares of AVX Corporation (AVX) traded up 0.95% during midday trading on Friday, reaching $17.04. 23,251 shares of the company traded hands. AVX Corporation has a 1-year low of $13.08 and a 1-year high of $18.44. The stock has a market capitalization of $2.87 billion, a P/E ratio of 22.42 and a beta of 0.81. The stock’s 50-day moving average is $17.29 and its 200-day moving average is $16.55.
AVX Corporation (NYSE:AVX) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $331.35 million for the quarter, compared to analyst estimates of $328 million. AVX Corporation had a return on equity of 5.69% and a net margin of 9.46%. AVX Corporation’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Equities analysts predict that AVX Corporation will post $0.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, August 14th. AVX Corporation’s dividend payout ratio (DPR) is presently 58.67%.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 target price on shares of AVX Corporation in a report on Friday, July 28th. Zacks Investment Research raised shares of AVX Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, BidaskClub lowered shares of AVX Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th.
About AVX Corporation
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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