Stone Ridge Asset Management LLC bought a new position in AVX Co. (NYSE:AVX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 106,646 shares of the electronics maker’s stock, valued at approximately $1,845,000.
Several other hedge funds have also recently added to or reduced their stakes in AVX. Aperio Group LLC lifted its stake in shares of AVX by 6.2% in the 3rd quarter. Aperio Group LLC now owns 52,966 shares of the electronics maker’s stock worth $966,000 after acquiring an additional 3,075 shares during the period. SG Americas Securities LLC acquired a new stake in shares of AVX in the 3rd quarter worth $226,000. Schwab Charles Investment Management Inc. lifted its stake in shares of AVX by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 452,506 shares of the electronics maker’s stock worth $7,829,000 after acquiring an additional 12,782 shares during the period. Foundry Partners LLC lifted its stake in shares of AVX by 3.3% in the 4th quarter. Foundry Partners LLC now owns 317,163 shares of the electronics maker’s stock worth $5,487,000 after acquiring an additional 10,108 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of AVX by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 53,534 shares of the electronics maker’s stock worth $926,000 after acquiring an additional 3,248 shares during the period. Institutional investors own 25.51% of the company’s stock.
Shares of AVX Co. (NYSE:AVX) opened at $17.86 on Wednesday. AVX Co. has a 52 week low of $15.38 and a 52 week high of $20.22. The company has a market cap of $3,023.81, a PE ratio of 357.27 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Friday, February 23rd were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, February 22nd. AVX’s payout ratio is currently 920.18%.
Several brokerages recently commented on AVX. 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 research note on Monday, January 29th. ValuEngine upgraded shares of AVX from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
In other AVX news, insider Zahir Dhanani bought 300,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was bought at an average price of $0.09 per share, for a total transaction of $27,000.00. In the last 90 days, insiders have acquired 633,000 shares of company stock valued at $70,030. 0.50% of the stock is currently owned by company insiders.
AVX Company Profile
AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.
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