Stifel Nicolaus Reiterates “Hold” Rating for AVX Corporation (AVX)
Stifel Nicolaus reaffirmed their hold rating on shares of AVX Corporation (NYSE:AVX) in a research note released on Friday morning. Stifel Nicolaus currently has a $17.00 price target on the electronics maker’s stock.
Separately, Zacks Investment Research downgraded shares of AVX Corporation from a buy rating to a hold rating in a report on Tuesday, April 4th.
Shares of AVX Corporation (AVX) opened at 17.87 on Friday. The firm has a 50-day moving average of $16.80 and a 200 day moving average of $16.39. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 23.51 and a beta of 0.79. AVX Corporation has a 52-week low of $13.08 and a 52-week high of $18.44.
AVX Corporation (NYSE:AVX) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. AVX Corporation had a net margin of 9.46% and a return on equity of 5.72%. The firm had revenue of $331.35 million for the quarter, compared to the consensus estimate of $328 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that AVX Corporation will post $0.76 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in AVX. Russell Investments Group Ltd. increased its position in AVX Corporation by 46.7% in the second quarter. Russell Investments Group Ltd. now owns 129,718 shares of the electronics maker’s stock valued at $2,120,000 after buying an additional 41,278 shares during the period. Aperio Group LLC increased its position in AVX Corporation by 1.5% in the second quarter. Aperio Group LLC now owns 49,891 shares of the electronics maker’s stock valued at $815,000 after buying an additional 725 shares during the period. AQR Capital Management LLC increased its position in AVX Corporation by 62.7% in the first quarter. AQR Capital Management LLC now owns 190,527 shares of the electronics maker’s stock valued at $3,121,000 after buying an additional 73,420 shares during the period. Gotham Asset Management LLC increased its position in AVX Corporation by 4.6% in the first quarter. Gotham Asset Management LLC now owns 253,467 shares of the electronics maker’s stock valued at $4,152,000 after buying an additional 11,129 shares during the period. Finally, State Street Corp increased its position in AVX Corporation by 3.3% in the first quarter. State Street Corp now owns 948,875 shares of the electronics maker’s stock valued at $15,545,000 after buying an additional 30,198 shares during the period. Institutional investors and hedge funds own 24.65% of the company’s stock.
AVX Corporation 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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