AVX Co. (NYSE:AVX) Chairman John Sarvis sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $15.71, for a total transaction of $94,260.00. Following the sale, the chairman now directly owns 23,711 shares in the company, valued at approximately $372,499.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NYSE:AVX traded down $0.04 during trading hours on Friday, hitting $15.84. 725 shares of the company were exchanged, compared to its average volume of 202,758. The company has a market cap of $2.66 billion, a PE ratio of 19.85 and a beta of 0.89. AVX Co. has a 52-week low of $15.71 and a 52-week high of $15.79.
AVX (NYSE:AVX) last released its earnings results on Wednesday, April 25th. The electronics maker reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $446.60 million for the quarter, compared to the consensus estimate of $410.00 million. AVX had a net margin of 0.31% and a return on equity of 6.02%. AVX’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. research analysts anticipate that AVX Co. will post 0.75 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in AVX by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,342,458 shares of the electronics maker’s stock worth $88,418,000 after purchasing an additional 239,501 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of AVX by 3.8% in the 1st quarter. BlackRock Inc. now owns 3,391,557 shares of the electronics maker’s stock valued at $56,131,000 after acquiring an additional 124,729 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 acquiring an additional 41,245 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AVX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 533,242 shares of the electronics maker’s stock valued at $9,225,000 after acquiring an additional 5,577 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of AVX by 5.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 476,038 shares of the electronics maker’s stock valued at $7,879,000 after acquiring an additional 23,532 shares during the last quarter. 25.35% of the stock is currently owned by institutional investors.
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.
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