Stone Ridge Asset Management LLC acquired a new stake in AVX Co. (NYSE:AVX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 106,646 shares of the electronics maker’s stock, valued at approximately $1,845,000. Stone Ridge Asset Management LLC owned about 0.06% of AVX at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Deutsche Bank AG increased its position in shares of AVX by 67.6% in the 4th quarter. Deutsche Bank AG now owns 199,255 shares of the electronics maker’s stock valued at $3,444,000 after purchasing an additional 80,385 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 5,577 shares during the last quarter. Systematic Financial Management LP grew its position in shares of AVX by 14.5% in the 4th quarter. Systematic Financial Management LP now owns 76,025 shares of the electronics maker’s stock valued at $1,315,000 after buying an additional 9,610 shares during the last quarter. BlackRock Inc. grew its position in shares of AVX by 7.7% in the 4th quarter. BlackRock Inc. now owns 3,266,828 shares of the electronics maker’s stock valued at $56,518,000 after buying an additional 232,254 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of AVX in the 4th quarter valued at $256,000. 25.51% of the stock is currently owned by institutional investors.
In other AVX news, insider Zahir Dhanani acquired 300,000 shares of the stock in a transaction on Thursday, January 18th. The shares were bought at an average cost of $0.09 per share, with a total value of $27,000.00. Insiders have acquired a total of 633,000 shares of company stock worth $70,030 over the last three months. 0.50% of the stock is currently owned by insiders.
AVX Co. (NYSE AVX) opened at $17.86 on Wednesday. The company has a market cap of $3,023.81, a price-to-earnings ratio of 357.27 and a beta of 0.83. AVX Co. has a 52-week low of $15.38 and a 52-week high of $20.22.
AVX (NYSE:AVX) last issued its quarterly earnings data on Thursday, January 25th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. AVX had a net margin of 0.48% and a return on equity of 6.12%. The company had revenue of $431.80 million for the quarter, compared to the consensus estimate of $421.60 million. During the same period last year, the firm posted $0.21 EPS. AVX’s revenue for the quarter was up 26.7% on a year-over-year basis. analysts predict that AVX Co. will post 0.8 EPS for the current year.
The firm also recently disclosed 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 annualized dividend and a yield of 2.58%. The ex-dividend date was Thursday, February 22nd. AVX’s payout ratio is currently 920.18%.
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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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