AVX Co. (AVX) Shares Sold by Zacks Investment Management

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Zacks Investment Management trimmed its stake in shares of AVX Co. (NYSE:AVX) by 63.5% during the second quarter, HoldingsChannel.com reports. The fund owned 95,133 shares of the electronics maker’s stock after selling 165,857 shares during the period. Zacks Investment Management’s holdings in AVX were worth $1,491,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AVX. Swiss National Bank increased its stake in AVX by 4.1% in the 1st quarter. Swiss National Bank now owns 87,900 shares of the electronics maker’s stock valued at $1,455,000 after buying an additional 3,500 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in AVX by 20.7% in the 2nd quarter. BlueMountain Capital Management LLC now owns 22,782 shares of the electronics maker’s stock valued at $357,000 after buying an additional 3,906 shares during the last quarter. Suntrust Banks Inc. increased its stake in AVX by 38.7% in the 1st quarter. Suntrust Banks Inc. now owns 16,866 shares of the electronics maker’s stock valued at $278,000 after buying an additional 4,706 shares during the last quarter. Systematic Financial Management LP increased its stake in AVX by 6.5% in the 1st quarter. Systematic Financial Management LP now owns 80,940 shares of the electronics maker’s stock valued at $1,340,000 after buying an additional 4,915 shares during the last quarter. Finally, Barclays PLC increased its stake in AVX by 41.9% in the 1st quarter. Barclays PLC now owns 17,758 shares of the electronics maker’s stock valued at $294,000 after buying an additional 5,246 shares during the last quarter. Institutional investors and hedge funds own 24.50% of the company’s stock.

AVX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of AVX from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. Citigroup upgraded shares of AVX from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 3rd. ValuEngine upgraded shares of AVX from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Finally, Stifel Nicolaus lifted their price target on shares of AVX from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, July 26th.

In other news, SVP Peter Venuto sold 1,986 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $19.15, for a total transaction of $38,031.90. Following the transaction, the senior vice president now directly owns 17,122 shares in the company, valued at approximately $327,886.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Willing King sold 10,000 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $20.94, for a total transaction of $209,400.00. Following the transaction, the vice president now owns 14,752 shares in the company, valued at $308,906.88. The disclosure for this sale can be found here. Insiders have sold a total of 101,086 shares of company stock worth $1,957,042 over the last 90 days. 0.46% of the stock is owned by company insiders.

Shares of AVX stock opened at $19.29 on Friday. AVX Co. has a 1 year low of $14.51 and a 1 year high of $21.48. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 20.40 and a beta of 1.03.

AVX (NYSE:AVX) last issued its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. The firm had revenue of $454.12 million for the quarter, compared to analyst estimates of $412.40 million. AVX had a net margin of 1.74% and a return on equity of 7.12%. The company’s revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. equities research analysts anticipate that AVX Co. will post 1.29 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for AVX (NYSE:AVX)

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