AVX Corporation (NYSE:AVX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities analysts also recently weighed in on AVX. Stifel Nicolaus boosted their price target on shares of AVX Corporation from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Zacks Investment Research downgraded shares of AVX Corporation from a “buy” rating to a “sell” rating in a report on Wednesday, May 3rd.

Shares of AVX Corporation (NYSE:AVX) opened at 17.15 on Friday. The firm has a 50-day moving average of $17.17 and a 200-day moving average of $16.50. The firm has a market cap of $2.89 billion, a PE ratio of 22.57 and a beta of 0.81. AVX Corporation has a 52 week low of $13.08 and a 52 week high of $18.44.

AVX Corporation (NYSE:AVX) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. AVX Corporation had a net margin of 9.46% and a return on equity of 5.69%. The firm had revenue of $331.35 million during the quarter, compared to analyst estimates of $328 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. On average, analysts expect that AVX Corporation will post $0.76 EPS for the current year.

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Several institutional investors have recently modified their holdings of AVX. Heartland Advisors Inc. increased 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 valued at $192,000 after buying an additional 446 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in AVX Corporation during the first quarter valued at approximately $196,000. Sei Investments Co. acquired a new stake in AVX Corporation during the first quarter valued at approximately $245,000. Rational Advisors LLC acquired a new stake in AVX Corporation during the first quarter valued at approximately $311,000. Finally, Oxford Asset Management acquired a new stake in AVX Corporation during the first quarter valued at approximately $322,000. 24.65% of the stock is currently owned by institutional investors.

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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