AVX Co. (NYSE:AVX) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $20.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 130 out of 265 based on the ratings given to its competitors.
Several analysts have recently weighed in on AVX shares. Zacks Investment Research raised shares of AVX from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, February 14th. ValuEngine raised shares of AVX from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
AVX stock opened at $17.53 on Thursday. AVX has a 12-month low of $15.75 and a 12-month high of $20.22. The stock has a market capitalization of $2,919.43, a P/E ratio of 350.67 and a beta of 0.83.
AVX (NYSE:AVX) last announced its earnings results on Thursday, January 25th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. AVX had a return on equity of 6.12% and a net margin of 0.48%. The business had revenue of $431.80 million during the quarter, compared to analyst estimates of $421.60 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. analysts forecast that AVX will post 0.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Thursday, February 22nd. AVX’s dividend payout ratio is presently 920.18%.
In related news, insider Zahir Dhanani purchased 300,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was purchased at an average price of $0.09 per share, with a total value of $27,000.00. Insiders have bought 633,000 shares of company stock valued at $70,030 in the last ninety days. Insiders own 0.50% of the company’s stock.
A number of large investors have recently modified their holdings of AVX. SG Americas Securities LLC bought a new position in AVX in the third quarter worth approximately $226,000. Capital Fund Management S.A. bought a new position in AVX in the fourth quarter worth approximately $256,000. Teacher Retirement System of Texas bought a new position in AVX in the fourth quarter worth approximately $302,000. MetLife Investment Advisors LLC bought a new position in AVX in the fourth quarter worth approximately $378,000. Finally, Victory Capital Management Inc. raised its stake in AVX by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 53,534 shares of the electronics maker’s stock worth $926,000 after buying an additional 3,248 shares in the last quarter. 25.47% of the stock is owned by institutional investors.
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AVX Company Profile
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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