AVX Co. (NYSE:AVX) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $20.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 179 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut AVX from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. ValuEngine upgraded AVX from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
Shares of AVX (NYSE AVX) traded up $0.21 during midday trading on Monday, hitting $17.67. The company had a trading volume of 149,494 shares, compared to its average volume of 217,486. The firm has a market cap of $2,970.00, a PE ratio of 24.54 and a beta of 0.83. AVX has a twelve month low of $15.38 and a twelve month high of $20.22.
AVX (NYSE:AVX) last issued its earnings results on Thursday, January 25th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. The business had revenue of $431.80 million for the quarter, compared to analysts’ expectations of $421.60 million. AVX had a return on equity of 6.12% and a net margin of 0.48%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. equities research analysts forecast that AVX will post 0.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.115 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.60%. AVX’s dividend payout ratio is 63.89%.
In other AVX news, insider Zahir Dhanani purchased 300,000 shares of the stock in a transaction dated Thursday, January 18th. The shares were acquired at an average price of $0.09 per share, for a total transaction of $27,000.00. Insiders have bought 901,000 shares of company stock worth $97,150 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of AVX. BlackRock Inc. grew its holdings in shares of AVX by 7.7% during the fourth quarter. BlackRock Inc. now owns 3,266,828 shares of the electronics maker’s stock valued at $56,518,000 after buying an additional 232,254 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of AVX during the fourth quarter valued at $1,845,000. Deutsche Bank AG boosted its position in AVX by 67.6% during the fourth quarter. Deutsche Bank AG now owns 199,255 shares of the electronics maker’s stock valued at $3,444,000 after purchasing an additional 80,385 shares during the last quarter. Wells Fargo & Company MN boosted its position in AVX by 3.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,388,456 shares of the electronics maker’s stock valued at $24,021,000 after purchasing an additional 41,245 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in AVX by 48.4% during the fourth quarter. Teachers Advisors LLC now owns 118,181 shares of the electronics maker’s stock valued at $2,045,000 after purchasing an additional 38,547 shares during the last quarter. Institutional investors and hedge funds own 24.18% of the company’s stock.
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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