AVX Corporation (NYSE:AVX) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other analysts have also recently issued reports on AVX. Stifel Nicolaus boosted their price objective on AVX Corporation from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Zacks Investment Research cut AVX Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, May 3rd.

AVX Corporation (NYSE AVX) traded down 0.46% during mid-day trading on Friday, hitting $17.15. 176,352 shares of the stock were exchanged. The company has a 50-day moving average price of $17.17 and a 200-day moving average price of $16.50. The company has a market cap of $2.89 billion, a P/E ratio of 22.57 and a beta of 0.81. AVX Corporation has a one year low of $13.08 and a one year high of $18.44.

AVX Corporation (NYSE:AVX) last released its quarterly earnings data on Wednesday, July 26th. 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 $331.35 million for the quarter, compared to analysts’ expectations of $328 million. AVX Corporation had a return on equity of 5.69% and a net margin of 9.46%. AVX Corporation’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. On average, analysts predict that AVX Corporation will post $0.76 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its stake in shares of AVX Corporation by 1.3% in the fourth quarter. Teachers Advisors LLC now owns 90,678 shares of the electronics maker’s stock valued at $1,417,000 after buying an additional 1,176 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of AVX Corporation by 248.4% in the first quarter. Acadian Asset Management LLC now owns 314,342 shares of the electronics maker’s stock valued at $5,151,000 after buying an additional 224,115 shares in the last quarter. Breton Hill Capital Ltd. bought a new stake in shares of AVX Corporation during the first quarter valued at approximately $585,000. Wells Fargo & Company MN raised its stake in shares of AVX Corporation by 6.2% in the first quarter. Wells Fargo & Company MN now owns 1,352,668 shares of the electronics maker’s stock valued at $22,156,000 after buying an additional 78,434 shares in the last quarter. Finally, Bowling Portfolio Management LLC raised its stake in shares of AVX Corporation by 17.9% in the first quarter. Bowling Portfolio Management LLC now owns 42,184 shares of the electronics maker’s stock valued at $691,000 after buying an additional 6,409 shares in the last quarter. Institutional investors and hedge funds own 24.65% of the company’s stock.

About AVX Corporation

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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