AVX Co. (AVX) Stake Increased by Foundry Partners LLC
Foundry Partners LLC raised its position in shares of AVX Co. (NYSE:AVX) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 379,922 shares of the electronics maker’s stock after buying an additional 9,164 shares during the period. Foundry Partners LLC’s holdings in AVX were worth $6,858,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of AVX during the third quarter worth approximately $104,000. Bruderman Asset Management LLC acquired a new stake in shares of AVX during the second quarter worth approximately $121,000. Cubist Systematic Strategies LLC acquired a new stake in shares of AVX during the first quarter worth approximately $156,000. Verition Fund Management LLC acquired a new stake in shares of AVX during the first quarter worth approximately $191,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of AVX during the first quarter worth approximately $207,000. 24.51% of the stock is owned by institutional investors.
In other AVX news, CFO Kurt P. Cummings sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $18.87, for a total value of $1,132,200.00. Following the transaction, the chief financial officer now directly owns 22,812 shares of the company’s stock, valued at $430,462.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Willing King sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $20.94, for a total transaction of $209,400.00. Following the completion of the transaction, the vice president now directly owns 14,752 shares in the company, valued at $308,906.88. The disclosure for this sale can be found here. Insiders have sold 101,086 shares of company stock worth $1,957,042 over the last three months. 0.46% of the stock is owned by insiders.
AVX opened at $16.15 on Friday. AVX Co. has a one year low of $14.51 and a one year high of $21.48. The company has a market cap of $2.84 billion, a PE ratio of 20.19 and a beta of 1.06.
AVX (NYSE:AVX) last released its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.15. AVX had a net margin of 1.74% and a return on equity of 7.12%. The business had revenue of $454.12 million for the quarter, compared to analysts’ expectations of $412.40 million. During the same period in the prior year, the firm earned $0.19 earnings per share. AVX’s revenue was up 37.0% compared to the same quarter last year. On average, analysts anticipate that AVX Co. will post 1.29 EPS for the current fiscal year.
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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