Insider Selling: AVX Co. (AVX) CAO Sells $13,650.00 in Stock

AVX Co. (NYSE:AVX) CAO Michael E. Hufnagel sold 1,000 shares of the firm’s stock in a transaction that occurred on Sunday, July 29th. The shares were sold at an average price of $13.65, for a total transaction of $13,650.00. Following the completion of the transaction, the chief accounting officer now owns 500 shares of the company’s stock, valued at approximately $6,825. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE AVX traded down $0.10 during trading hours on Friday, reaching $15.78. The company’s stock had a trading volume of 144,668 shares, compared to its average volume of 236,049. The firm has a market cap of $2.66 billion, a PE ratio of 19.73 and a beta of 0.89. AVX Co. has a 52 week low of $14.51 and a 52 week high of $20.22.

AVX (NYSE:AVX) last issued its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $446.60 million during the quarter, compared to analyst estimates of $410.00 million. AVX had a net margin of 0.31% and a return on equity of 6.02%. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. analysts predict that AVX Co. will post 0.75 EPS for the current year.

A number of research analysts recently issued reports on AVX shares. Zacks Investment Research upgraded shares of AVX from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, January 29th. ValuEngine upgraded shares of AVX from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of AVX. Schwab Charles Investment Management Inc. raised its holdings in AVX by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 452,506 shares of the electronics maker’s stock valued at $7,829,000 after buying an additional 12,782 shares during the last quarter. Foundry Partners LLC raised its holdings in AVX by 3.3% in the 4th quarter. Foundry Partners LLC now owns 317,163 shares of the electronics maker’s stock valued at $5,487,000 after buying an additional 10,108 shares during the last quarter. Victory Capital Management Inc. raised its holdings in AVX by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 53,534 shares of the electronics maker’s stock valued at $926,000 after buying an additional 3,248 shares during the last quarter. Teacher Retirement System of Texas bought a new position in AVX in the 4th quarter valued at approximately $302,000. Finally, Wells Fargo & Company MN raised its holdings in AVX by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,388,456 shares of the electronics maker’s stock valued at $24,021,000 after buying an additional 41,245 shares during the last quarter. Institutional investors and hedge funds own 25.35% of the company’s stock.

About AVX

AVX Corporation, together with its subsidiaries, manufactures and supplies various passive electronic components, interconnect devices, and related products worldwide. The company operates through three segments: Passive Components, Kyocera Electronic Devices (KED Resale), and Interconnect. The Passive Components segment primarily offers surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters, thick and thin film packages of multiple passive integrated components, varistors, thermistors, inductors, and resistive products.

Insider Buying and Selling by Quarter for AVX (NYSE:AVX)

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