AVX Co. (NYSE:AVX) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Analysts have set a 12-month consensus price target of $18.00 for the company and are predicting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 175 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of AVX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 25th.

In related news, SVP Peter Venuto sold 6,716 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $17.31, for a total value of $116,253.96. Following the completion of the transaction, the senior vice president now directly owns 15,434 shares of the company’s stock, valued at approximately $267,162.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in AVX by 117.8% in the 4th quarter. Advisor Group Inc. now owns 2,428 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 1,313 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in AVX by 73.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 3,725 shares in the last quarter. Mackay Shields LLC purchased a new stake in AVX in the 4th quarter worth approximately $162,000. Xact Kapitalforvaltning AB purchased a new stake in AVX in the 4th quarter worth approximately $207,000. Finally, Virtu Financial LLC purchased a new stake in AVX in the 3rd quarter worth approximately $266,000. Institutional investors and hedge funds own 25.93% of the company’s stock.

AVX stock opened at $17.29 on Friday. AVX has a twelve month low of $14.21 and a twelve month high of $21.48. The company has a market cap of $2.91 billion, a PE ratio of 12.38 and a beta of 1.14.

AVX (NYSE:AVX) last released its earnings results on Thursday, January 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. AVX had a net margin of 13.01% and a return on equity of 10.27%. The firm had revenue of $442.40 million during the quarter, compared to the consensus estimate of $457.00 million. During the same period in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that AVX will post 1.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 22nd were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.66%. The ex-dividend date was Thursday, February 21st. AVX’s dividend payout ratio (DPR) 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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