Zebra Capital Management LLC boosted its stake in shares of AVX Co. (NYSE:AVX) by 67.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,326 shares of the electronics maker’s stock after buying an additional 30,822 shares during the quarter. AVX accounts for about 0.5% of Zebra Capital Management LLC’s holdings, making the stock its 14th biggest holding. Zebra Capital Management LLC’s holdings in AVX were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AVX. SG Americas Securities LLC purchased a new position in AVX during the first quarter worth about $161,000. Virginia Retirement Systems ET AL purchased a new position in AVX during the first quarter worth about $693,000. Prudential Financial Inc. purchased a new position in AVX during the first quarter worth about $1,122,000. Swiss National Bank boosted its stake in AVX by 4.1% during the first quarter. Swiss National Bank now owns 87,900 shares of the electronics maker’s stock worth $1,455,000 after buying an additional 3,500 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in AVX by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 476,038 shares of the electronics maker’s stock worth $7,879,000 after buying an additional 23,532 shares during the period. 24.50% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on AVX. Zacks Investment Research raised shares of AVX from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Monday, July 30th. Stifel Nicolaus increased their price target on shares of AVX from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. ValuEngine raised shares of AVX from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Finally, Citigroup raised shares of AVX from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 3rd.

In related news, SVP John Lawing sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $20.23, for a total value of $101,150.00. Following the sale, the senior vice president now owns 8,656 shares of the company’s stock, valued at $175,110.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alex Schenkel sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $19.36, for a total transaction of $309,760.00. Following the completion of the sale, the insider now directly owns 11,134 shares in the company, valued at approximately $215,554.24. The disclosure for this sale can be found here. Insiders have sold 101,086 shares of company stock worth $1,957,042 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Shares of AVX opened at $19.38 on Thursday. The stock has a market cap of $3.28 billion, a PE ratio of 24.23 and a beta of 1.03. AVX Co. has a 1 year low of $14.51 and a 1 year high of $21.48.

AVX (NYSE:AVX) last issued its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.15. The business had revenue of $454.12 million for the quarter, compared to analysts’ expectations of $412.40 million. AVX had a net margin of 1.74% and a return on equity of 7.12%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. research analysts expect that AVX Co. will post 1.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, July 31st. This represents a $0.46 annualized dividend and a dividend yield of 2.37%. AVX’s dividend payout ratio is presently 57.50%.

About AVX

AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide. The company operates through three segments: Electronic Components; Interconnect, Sensing and Control Devices; and Kyocera Electronic Devices Resale.

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Institutional Ownership by Quarter for AVX (NYSE:AVX)

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