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.
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%.
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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