O Shares Investment Advisers LLC Has $254,000 Holdings in AVX Co. (NYSE:AVX)

O Shares Investment Advisers LLC decreased its holdings in shares of AVX Co. (NYSE:AVX) by 10.4% in the first quarter, HoldingsChannel reports. The firm owned 14,675 shares of the electronics maker’s stock after selling 1,701 shares during the period. O Shares Investment Advisers LLC’s holdings in AVX were worth $254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVX. Norges Bank bought a new position in shares of AVX during the fourth quarter valued at approximately $20,361,000. Ceredex Value Advisors LLC bought a new position in shares of AVX during the fourth quarter valued at approximately $7,538,000. Dimensional Fund Advisors LP increased its stake in shares of AVX by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,117,418 shares of the electronics maker’s stock valued at $93,290,000 after purchasing an additional 272,455 shares in the last quarter. Phocas Financial Corp. increased its stake in shares of AVX by 40.9% during the fourth quarter. Phocas Financial Corp. now owns 597,377 shares of the electronics maker’s stock valued at $9,110,000 after purchasing an additional 173,455 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of AVX during the fourth quarter valued at approximately $2,433,000. 25.13% of the stock is owned by institutional investors and hedge funds.

Shares of AVX opened at $16.06 on Friday. The company has a market cap of $2.68 billion, a P/E ratio of 9.98 and a beta of 1.10. AVX Co. has a twelve month low of $14.21 and a twelve month high of $21.48.

AVX (NYSE:AVX) last announced its quarterly earnings results on Monday, April 22nd. The electronics maker reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $449.00 million. AVX had a net margin of 15.17% and a return on equity of 11.74%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. On average, research analysts forecast that AVX Co. will post 1.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, June 13th. AVX’s dividend payout ratio (DPR) is currently 28.57%.

In related news, SVP Evan M. Slavitt sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.14, for a total transaction of $129,120.00. Following the completion of the sale, the senior vice president now owns 28,872 shares of the company’s stock, valued at $465,994.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Separately, Zacks Investment Research downgraded shares of AVX from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.

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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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