AVX Co. (NYSE:AVX) SVP John Lawing sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $20.23, for a total value of $101,150.00. Following the completion of the transaction, the senior vice president now directly owns 8,656 shares of the company’s stock, valued at $175,110.88. The transaction was disclosed in a document filed with the SEC, which is available through this link.
John Lawing also recently made the following trade(s):
- On Thursday, August 23rd, John Lawing sold 1,094 shares of AVX stock. The shares were sold at an average price of $20.22, for a total value of $22,120.68.
NYSE:AVX traded down $0.34 during trading hours on Friday, reaching $19.51. 525,554 shares of the company traded hands, compared to its average volume of 438,436. The stock has a market cap of $3.35 billion, a PE ratio of 24.39 and a beta of 1.03. AVX Co. has a 1-year low of $14.51 and a 1-year high of $21.48.
AVX (NYSE:AVX) last announced its earnings results on Wednesday, July 25th. The electronics maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The firm had revenue of $454.12 million for the quarter, compared to analysts’ expectations of $412.40 million. AVX had a return on equity of 7.12% and a net margin of 1.74%. AVX’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. equities analysts anticipate that AVX Co. will post 1.29 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, July 31st. AVX’s dividend payout ratio (DPR) is presently 57.50%.
A number of large investors have recently made changes to their positions in AVX. Millennium Management LLC grew its holdings in AVX by 150.8% during the 2nd quarter. Millennium Management LLC now owns 517,169 shares of the electronics maker’s stock valued at $8,104,000 after buying an additional 310,997 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in AVX by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,342,458 shares of the electronics maker’s stock valued at $88,418,000 after buying an additional 239,501 shares during the last quarter. Renaissance Technologies LLC grew its holdings in AVX by 86.7% during the 2nd quarter. Renaissance Technologies LLC now owns 344,900 shares of the electronics maker’s stock valued at $5,405,000 after buying an additional 160,200 shares during the last quarter. BlackRock Inc. grew its holdings in AVX by 3.8% during the 1st quarter. BlackRock Inc. now owns 3,391,557 shares of the electronics maker’s stock valued at $56,131,000 after buying an additional 124,729 shares during the last quarter. Finally, Regal Investment Advisors LLC acquired a new stake in shares of AVX during the second quarter worth $1,578,000. Hedge funds and other institutional investors own 24.50% of the company’s stock.
AVX has been the topic of a number of analyst reports. ValuEngine upgraded AVX from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Citigroup upgraded AVX from a “neutral” rating to a “buy” rating in a report on Tuesday, July 3rd. Zacks Investment Research upgraded AVX from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Stifel Nicolaus increased their target price on AVX from $16.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, July 26th.
AVX Company Profile
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.
Further Reading: Book Value Per Share – BVPS
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