Insider Buying: AVX Co. (AVX) Insider Purchases 300,000 Shares of Stock

AVX Co. (NYSE:AVX) insider Zahir Dhanani purchased 300,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was bought at an average cost of $0.09 per share, for a total transaction of $27,000.00.

Zahir Dhanani also recently made the following trade(s):

  • On Tuesday, January 16th, Zahir Dhanani acquired 50,000 shares of AVX stock. The stock was acquired at an average cost of $0.09 per share, for a total transaction of $4,500.00.
  • On Tuesday, December 12th, Zahir Dhanani acquired 193,000 shares of AVX stock. The stock was acquired at an average cost of $0.09 per share, for a total transaction of $17,370.00.
  • On Thursday, December 7th, Zahir Dhanani acquired 50,000 shares of AVX stock. The stock was acquired at an average cost of $0.09 per share, for a total transaction of $4,500.00.
  • On Friday, December 1st, Zahir Dhanani acquired 50,000 shares of AVX stock. The stock was acquired at an average cost of $0.10 per share, for a total transaction of $5,000.00.
  • On Wednesday, November 29th, Zahir Dhanani acquired 30,000 shares of AVX stock. The stock was acquired at an average cost of $0.10 per share, for a total transaction of $3,000.00.

AVX Co. (AVX) traded up $0.59 during mid-day trading on Friday, reaching $19.37. The company had a trading volume of 167,467 shares, compared to its average volume of 179,383. The company has a market cap of $3,135.50, a PE ratio of 23.91 and a beta of 0.85. AVX Co. has a fifty-two week low of $15.38 and a fifty-two week high of $20.22.

AVX (NYSE:AVX) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $352.70 million for the quarter, compared to analysts’ expectations of $348.30 million. AVX had a return on equity of 6.08% and a net margin of 10.02%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. research analysts forecast that AVX Co. will post 0.74 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective on shares of AVX in a research report on Tuesday, October 17th. Zacks Investment Research raised AVX from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Friday, October 6th. Finally, ValuEngine raised AVX from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC lifted its holdings in shares of AVX by 6.2% during the 3rd quarter. Aperio Group LLC now owns 52,966 shares of the electronics maker’s stock valued at $966,000 after buying an additional 3,075 shares during the period. SG Americas Securities LLC bought a new position in shares of AVX during the 3rd quarter valued at $226,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of AVX by 2.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 452,506 shares of the electronics maker’s stock valued at $7,829,000 after buying an additional 12,782 shares during the period. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

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About AVX

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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