Trade Report: The UBS Asset Management Americas Inc. reached $1,344,000 position of AVX Corp. (AVX)

The UBS Asset Management Americas Inc. reached $1,344,000 position  of AVX Corp. (AVX)

UBS Asset Management Americas Inc. boosted its position in shares of AVX Corp. (NYSE:AVX) by 159.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 98,995 shares of the company’s stock after buying an additional 60,785 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of AVX Corp. worth $1,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. boosted its position in AVX Corp. by 62.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,956 shares of the company’s stock worth $603,000 after buying an additional 18,426 shares during the period. Nationwide Fund Advisors boosted its stake in shares of AVX Corp. by 1.2% in the second quarter. Nationwide Fund Advisors now owns 47,937 shares of the company’s stock valued at $651,000 after buying an additional 586 shares during the last quarter. Strs Ohio boosted its stake in shares of AVX Corp. by 21.9% in the second quarter. Strs Ohio now owns 54,200 shares of the company’s stock valued at $736,000 after buying an additional 9,744 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of AVX Corp. by 70.0% in the first quarter. Goldman Sachs Group Inc. now owns 67,385 shares of the company’s stock valued at $847,000 after buying an additional 27,739 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of AVX Corp. by 74.0% in the second quarter. Neuberger Berman Group LLC now owns 73,425 shares of the company’s stock valued at $997,000 after buying an additional 31,231 shares during the last quarter. Institutional investors own 24.69% of the company’s stock.

Shares of AVX Corp. (NYSE:AVX) traded up 0.80% during mid-day trading on Friday, reaching $13.84. 4,762 shares of the company’s stock traded hands. The company has a market cap of $2.32 billion, a P/E ratio of 24.28 and a beta of 0.97. AVX Corp. has a 12-month low of $10.43 and a 12-month high of $14.32. The company’s 50 day moving average is $13.66 and its 200 day moving average is $13.41.

AVX Corp. (NYSE:AVX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $314.82 million for the quarter, compared to analyst estimates of $310.80 million. AVX Corp. had a net margin of 9.69% and a return on equity of 5.79%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, analysts predict that AVX Corp. will post $0.72 EPS for the current fiscal year.

AVX has been the topic of several research analyst reports. Zacks Investment Research cut shares of AVX Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Citigroup Inc. boosted their price target on shares of AVX Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th.

About AVX Corp.

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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