Zacks Investment Research upgraded shares of AVX (NYSE:AVX) from a sell rating to a hold rating in a report issued on Wednesday, December 27th.
According to Zacks, “AVX Corporation is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products. The company’s passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company’s facilities. The company also manufactures and sells electronic connectors and distributes and sells certain connectors. “
Separately, Stifel Nicolaus reiterated a hold rating and issued a $17.00 target price on shares of AVX in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. AVX has a consensus rating of Hold and a consensus target price of $18.50.
Shares of AVX (NYSE AVX) traded up $0.01 during trading on Wednesday, reaching $18.01. 186,800 shares of the company’s stock were exchanged, compared to its average volume of 180,800. The firm has a market cap of $3,060.00, a price-to-earnings ratio of 22.23 and a beta of 0.85. AVX has a twelve month low of $15.38 and a twelve month high of $20.22.
AVX (NYSE:AVX) last announced its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $352.70 million for the quarter, compared to the consensus estimate of $348.30 million. AVX had a net margin of 10.02% and a return on equity of 6.08%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. analysts expect that AVX will post 0.74 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in AVX during the third quarter worth about $226,000. Aperio Group LLC boosted its stake in AVX by 6.2% during the third quarter. Aperio Group LLC now owns 52,966 shares of the electronics maker’s stock worth $966,000 after buying an additional 3,075 shares during the period. Russell Investments Group Ltd. boosted its stake in AVX by 46.7% during the second quarter. Russell Investments Group Ltd. now owns 129,718 shares of the electronics maker’s stock worth $2,120,000 after buying an additional 41,278 shares during the period. Finally, Martingale Asset Management L P boosted its stake in AVX by 0.4% during the second quarter. Martingale Asset Management L P now owns 185,217 shares of the electronics maker’s stock worth $3,027,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 24.70% of the company’s stock.
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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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