Swiss National Bank Holds Position in AVX Corp. (AVX)
Swiss National Bank continued to hold its stake in AVX Corp. (NYSE:AVX) during the second quarter, Holdings Channel reports. The fund owned 87,400 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.05% of AVX Corp. worth $1,187,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in AVX Corp. by 15.9% in the first quarter. Legal & General Group Plc now owns 9,856 shares of the company’s stock worth $123,000 after buying an additional 1,353 shares during the period. Strs Ohio raised its stake in AVX Corp. by 21.9% in the second quarter. Strs Ohio now owns 54,200 shares of the company’s stock worth $736,000 after buying an additional 9,744 shares during the period. Zebra Capital Management LLC raised its stake in shares of AVX Corp. by 18.8% in the first quarter. Zebra Capital Management LLC now owns 113,510 shares of the company’s stock valued at $1,427,000 after buying an additional 17,926 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of AVX Corp. by 62.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,956 shares of the company’s stock valued at $603,000 after buying an additional 18,426 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of AVX Corp. by 70.0% in the first quarter. Goldman Sachs Group Inc. now owns 67,385 shares of the company’s stock valued at $847,000 after buying an additional 27,739 shares during the last quarter. 24.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AVX Corp. (NYSE:AVX) traded up 2.53% during mid-day trading on Friday, hitting $13.79. The stock had a trading volume of 146,884 shares. The stock has a 50 day moving average of $13.62 and a 200-day moving average of $13.32. AVX Corp. has a 52 week low of $10.43 and a 52 week high of $14.32. The stock has a market capitalization of $2.31 billion, a P/E ratio of 24.19 and a beta of 1.00.
AVX Corp. (NYSE:AVX) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $314.82 million for the quarter, compared to analyst estimates of $310.80 million. AVX Corp. had a return on equity of 5.79% and a net margin of 9.69%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. On average, equities research analysts predict that AVX Corp. will post $0.72 earnings per share for the current year.
Several brokerages have recently weighed in on AVX. Zacks Investment Research raised AVX Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Citigroup Inc. lifted their price objective on AVX Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a report 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 primarily of surface mount and leaded ceramic capacitors, radio frequency (RF) thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, among others.
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