AVX (NYSE:AVX) Hits New 12-Month Low at $14.10

AVX Co. (NYSE:AVX)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $14.10 and last traded at $14.27, with a volume of 269885 shares trading hands. The stock had previously closed at $14.21.

A number of analysts recently commented on the company. ValuEngine lowered AVX from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered AVX from a “hold” rating to a “sell” rating in a research report on Monday, July 15th.

The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 8.86 and a beta of 1.16. The business’s 50-day moving average price is $15.71.



AVX (NYSE:AVX) last issued its quarterly earnings data on Friday, July 26th. The electronics maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $418.90 million. AVX had a return on equity of 11.45% and a net margin of 15.55%. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Research analysts anticipate that AVX Co. will post 1.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, July 31st. AVX’s dividend payout ratio is currently 28.57%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of AVX by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,117,418 shares of the electronics maker’s stock worth $93,290,000 after buying an additional 272,455 shares during the last quarter. BlackRock Inc. lifted its stake in AVX by 14.1% in the second quarter. BlackRock Inc. now owns 3,676,023 shares of the electronics maker’s stock valued at $61,021,000 after purchasing an additional 454,814 shares during the last quarter. Wells Fargo & Company MN lifted its stake in AVX by 25.5% in the second quarter. Wells Fargo & Company MN now owns 1,988,313 shares of the electronics maker’s stock valued at $33,006,000 after purchasing an additional 403,916 shares during the last quarter. Norges Bank purchased a new position in AVX in the fourth quarter valued at approximately $20,361,000. Finally, Bank of New York Mellon Corp lifted its stake in AVX by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 1,089,318 shares of the electronics maker’s stock valued at $18,082,000 after purchasing an additional 43,527 shares during the last quarter. 25.47% of the stock is owned by hedge funds and other institutional investors.

About AVX (NYSE: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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