MUFG Securities EMEA plc Has $1.51 Million Position in AVX Co. (AVX)

MUFG Securities EMEA plc lowered its stake in shares of AVX Co. (NYSE:AVX) by 25.7% in the fourth quarter, Holdings Channel reports. The fund owned 98,900 shares of the electronics maker’s stock after selling 34,200 shares during the quarter. MUFG Securities EMEA plc’s holdings in AVX were worth $1,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of AVX by 117.8% during the 4th quarter. Advisor Group Inc. now owns 2,428 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 1,313 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of AVX by 73.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the electronics maker’s stock valued at $125,000 after acquiring an additional 3,725 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of AVX during the 4th quarter valued at about $207,000. Virtu Financial LLC acquired a new position in shares of AVX during the 3rd quarter valued at about $266,000. Finally, Citigroup Inc. increased its stake in shares of AVX by 42.1% during the 4th quarter. Citigroup Inc. now owns 17,669 shares of the electronics maker’s stock valued at $269,000 after acquiring an additional 5,234 shares during the last quarter. 25.21% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of AVX from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Monday, January 28th.

In related news, SVP Peter Venuto sold 6,716 shares of the stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $17.31, for a total transaction of $116,253.96. Following the completion of the sale, the senior vice president now owns 15,434 shares of the company’s stock, valued at approximately $267,162.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

AVX opened at $18.12 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 22.65 and a beta of 1.14. AVX Co. has a 1 year low of $14.21 and a 1 year high of $21.48.

AVX (NYSE:AVX) last posted its earnings results on Thursday, January 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. The firm had revenue of $442.40 million during the quarter, compared to the consensus estimate of $457.00 million. AVX had a net margin of 13.01% and a return on equity of 10.27%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Analysts expect that AVX Co. will post 1.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 22nd were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, February 21st. AVX’s dividend payout ratio (DPR) is presently 57.50%.

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About 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.

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Institutional Ownership by Quarter for AVX (NYSE:AVX)

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