AVX (NYSE:AVX) Sets New 52-Week Low at $14.19

AVX Co. (NYSE:AVX) reached a new 52-week low on Wednesday . The company traded as low as $14.19 and last traded at $14.23, with a volume of 32002 shares traded. The stock had previously closed at $14.43.

AVX has been the subject of a number of recent analyst reports. ValuEngine lowered AVX from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. Zacks Investment Research downgraded AVX from a “hold” rating to a “sell” rating in a research report on Monday, July 15th.

The stock has a market cap of $2.54 billion, a P/E ratio of 8.84 and a beta of 1.16. The company has a 50-day moving average price of $16.00.

AVX (NYSE:AVX) last posted its earnings results on Friday, July 26th. The electronics maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $418.90 million. AVX had a return on equity of 11.56% and a net margin of 15.55%. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities analysts predict that AVX Co. will post 1.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.115 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.22%. AVX’s dividend payout ratio is currently 28.57%.

Large investors have recently bought and sold shares of the stock. Advisor Group Inc. boosted its stake in shares of AVX by 117.8% in the fourth quarter. Advisor Group Inc. now owns 2,428 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 1,313 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of AVX by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,117,418 shares of the electronics maker’s stock worth $93,290,000 after acquiring an additional 272,455 shares during the period. Geode Capital Management LLC boosted its stake in shares of AVX by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 528,377 shares of the electronics maker’s stock worth $8,057,000 after acquiring an additional 27,328 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of AVX by 385.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,007 shares of the electronics maker’s stock worth $244,000 after acquiring an additional 12,710 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of AVX by 7.4% in the fourth quarter. Legal & General Group Plc now owns 20,240 shares of the electronics maker’s stock worth $308,000 after acquiring an additional 1,397 shares during the period. Institutional investors own 25.06% of the company’s stock.

About AVX (NYSE:AVX)

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.

Featured Story: Why is Cost of Capital Important?

Receive News & Ratings for AVX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AVX and related companies with MarketBeat.com's FREE daily email newsletter.