AVX Co. (AVX) SVP Evan M. Slavitt Sells 8,000 Shares

AVX Co. (NYSE:AVX) SVP Evan M. Slavitt sold 8,000 shares of the stock in a transaction dated 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 approximately $465,994.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE:AVX traded down $0.39 during trading hours on Friday, reaching $14.79. The company’s stock had a trading volume of 217,467 shares, compared to its average volume of 277,717. AVX Co. has a 1 year low of $14.21 and a 1 year high of $21.48. The stock has a market cap of $2.52 billion, a PE ratio of 9.19 and a beta of 1.07.

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

Separately, Zacks Investment Research downgraded shares of AVX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 26th.

Large investors have recently bought and sold shares of the stock. Denali Advisors LLC boosted its stake in AVX by 6,533.3% during the first quarter. Denali Advisors LLC now owns 14,925 shares of the electronics maker’s stock worth $259,000 after acquiring an additional 14,700 shares in the last quarter. Gotham Asset Management LLC lifted its stake in shares of AVX by 77.6% in the fourth quarter. Gotham Asset Management LLC now owns 139,014 shares of the electronics maker’s stock worth $2,120,000 after buying an additional 60,724 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of AVX in the fourth quarter worth approximately $207,000. Advisor Group Inc. lifted its stake in shares of AVX by 117.8% in the fourth quarter. Advisor Group Inc. now owns 2,428 shares of the electronics maker’s stock worth $37,000 after buying an additional 1,313 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AVX by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 528,377 shares of the electronics maker’s stock worth $8,057,000 after buying an additional 27,328 shares in the last quarter. 25.13% of the stock is currently owned by institutional investors and hedge funds.

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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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