Fmr LLC lowered its position in AVX Co. (NYSE:AVX) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 240,872 shares of the electronics maker’s stock after selling 30,959 shares during the period. Fmr LLC owned about 0.14% of AVX worth $3,774,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AVX. Cubist Systematic Strategies LLC bought a new position in AVX in the 1st quarter worth $156,000. Verition Fund Management LLC bought a new position in AVX in the 1st quarter worth $191,000. Dynamic Technology Lab Private Ltd bought a new position in AVX in the 1st quarter worth $207,000. A.R.T. Advisors LLC bought a new position in AVX in the 1st quarter worth $219,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in AVX in the 1st quarter worth $226,000. 24.50% of the stock is owned by institutional investors.

In other AVX news, VP Willing King sold 10,000 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $20.94, for a total transaction of $209,400.00. Following the completion of the transaction, the vice president now owns 14,752 shares of the company’s stock, valued at approximately $308,906.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt P. Cummings sold 60,000 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $18.87, for a total transaction of $1,132,200.00. Following the transaction, the chief financial officer now directly owns 22,812 shares of the company’s stock, valued at approximately $430,462.44. The disclosure for this sale can be found here. Insiders have sold a total of 101,086 shares of company stock valued at $1,957,042 in the last three months. Insiders own 0.46% of the company’s stock.

AVX has been the subject of several recent analyst reports. ValuEngine raised shares of AVX from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Citigroup raised shares of AVX from a “neutral” rating to a “buy” rating in a report on Tuesday, July 3rd. Zacks Investment Research raised shares of AVX from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Stifel Nicolaus upped their target price on shares of AVX from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, July 26th.

Shares of AVX stock opened at $16.47 on Friday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 20.66 and a beta of 1.06. AVX Co. has a fifty-two week low of $14.51 and a fifty-two week high of $21.48.

AVX (NYSE:AVX) last issued its earnings results on Wednesday, July 25th. The electronics maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.15. AVX had a net margin of 1.74% and a return on equity of 7.12%. The company had revenue of $454.12 million during the quarter, compared to the consensus estimate of $412.40 million. During the same quarter in the prior year, the firm posted $0.19 EPS. AVX’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, analysts expect that AVX Co. will post 1.29 earnings per share for the current fiscal year.

AVX Profile

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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