Harvest Management LLC Takes $951,000 Position in AVX Co. (NYSE:AVX)

Harvest Management LLC bought a new stake in shares of AVX Co. (NYSE:AVX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,475 shares of the electronics maker’s stock, valued at approximately $951,000. AVX comprises approximately 1.9% of Harvest Management LLC’s investment portfolio, making the stock its 15th biggest holding.

Other large investors also recently bought and sold shares of the company. Pwmco LLC acquired a new position in shares of AVX during the fourth quarter worth approximately $7,360,000. M&G Investment Management Ltd. acquired a new position in shares of AVX during the fourth quarter worth approximately $5,207,000. Russell Investments Group Ltd. boosted its position in shares of AVX by 606.7% during the third quarter. Russell Investments Group Ltd. now owns 161,898 shares of the electronics maker’s stock worth $2,461,000 after buying an additional 138,990 shares during the period. Foundry Partners LLC boosted its position in shares of AVX by 11.9% during the third quarter. Foundry Partners LLC now owns 582,476 shares of the electronics maker’s stock worth $8,854,000 after buying an additional 61,727 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of AVX by 24.0% during the first quarter. First Trust Advisors LP now owns 250,119 shares of the electronics maker’s stock worth $4,337,000 after buying an additional 48,462 shares during the period. 25.81% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on AVX shares. Stifel Nicolaus boosted their price objective on AVX from $15.00 to $19.50 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Zacks Investment Research upgraded AVX from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Monday, January 27th.

Shares of NYSE AVX opened at $20.47 on Wednesday. The stock has a 50 day simple moving average of $20.47 and a 200-day simple moving average of $17.28. The company has a market cap of $3.47 billion, a PE ratio of 16.92 and a beta of 1.29. AVX Co. has a 12-month low of $13.03 and a 12-month high of $20.78.

AVX (NYSE:AVX) last released its earnings results on Thursday, January 23rd. The electronics maker reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $344.40 million during the quarter, compared to the consensus estimate of $353.80 million. AVX had a return on equity of 8.48% and a net margin of 13.15%. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that AVX Co. will post 1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 19th will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.46 dividend on an annualized basis and a yield of 2.25%. AVX’s dividend payout ratio (DPR) is 28.57%.

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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Institutional Ownership by Quarter for AVX (NYSE:AVX)

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