AVX Corporation (AVX) Hits New 1-Year High at $19.51
AVX Corporation (NYSE:AVX)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $19.51 and last traded at $19.47, with a volume of 167,946 shares trading hands. The stock had previously closed at $19.31.
Several equities analysts recently weighed in on AVX shares. Zacks Investment Research upgraded shares of AVX Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $17.00 target price on shares of AVX Corporation in a report on Friday, July 28th. Finally, BidaskClub upgraded shares of AVX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 25.49 and a beta of 0.84. The firm’s 50-day moving average is $17.82 and its 200-day moving average is $17.02.
AVX Corporation (NYSE:AVX) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $331.35 million during the quarter, compared to the consensus estimate of $328.00 million. AVX Corporation had a net margin of 9.46% and a return on equity of 5.69%. The company’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 posted $0.19 earnings per share. Equities research analysts forecast that AVX Corporation will post $0.78 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of AVX. Vanguard Group Inc. grew its position in AVX Corporation by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,816,887 shares of the electronics maker’s stock worth $62,520,000 after acquiring an additional 307,640 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AVX Corporation by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,824,507 shares of the electronics maker’s stock worth $79,026,000 after acquiring an additional 227,433 shares in the last quarter. Citadel Advisors LLC grew its position in AVX Corporation by 64.5% in the first quarter. Citadel Advisors LLC now owns 191,059 shares of the electronics maker’s stock worth $3,130,000 after acquiring an additional 74,903 shares in the last quarter. AQR Capital Management LLC grew its position in AVX Corporation by 62.7% in the first quarter. AQR Capital Management LLC now owns 190,527 shares of the electronics maker’s stock worth $3,121,000 after acquiring an additional 73,420 shares in the last quarter. Finally, Menta Capital LLC bought a new stake in AVX Corporation in the first quarter worth approximately $1,003,000. 24.44% of the stock is owned by institutional investors.
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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