Phocas Financial Corp. lessened its stake in shares of AVX Co. (NYSE:AVX) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 591,416 shares of the electronics maker’s stock after selling 5,961 shares during the quarter. Phocas Financial Corp. owned about 0.35% of AVX worth $10,255,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised 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 worth $93,290,000 after purchasing an additional 272,455 shares during the last quarter. Royce & Associates LP raised its stake in shares of AVX by 1.1% during the fourth quarter. Royce & Associates LP now owns 5,822,241 shares of the electronics maker’s stock worth $88,789,000 after purchasing an additional 64,576 shares during the last quarter. Norges Bank purchased a new stake in shares of AVX during the fourth quarter worth approximately $20,361,000. Ceredex Value Advisors LLC raised its stake in shares of AVX by 14.2% during the first quarter. Ceredex Value Advisors LLC now owns 564,330 shares of the electronics maker’s stock worth $9,785,000 after purchasing an additional 70,058 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of AVX by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 528,377 shares of the electronics maker’s stock worth $8,057,000 after purchasing an additional 27,328 shares during the last quarter. Institutional investors and hedge funds own 25.13% of the company’s stock.
NYSE:AVX traded up $0.15 during trading hours on Friday, hitting $16.60. The company’s stock had a trading volume of 471,891 shares, compared to its average volume of 225,267. The company has a 50-day moving average price of $15.70. The firm has a market capitalization of $2.78 billion, a P/E ratio of 10.31 and a beta of 1.10. AVX Co. has a 52-week low of $14.21 and a 52-week high of $21.48.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, June 13th. AVX’s payout ratio is 28.57%.
Separately, Zacks Investment Research cut AVX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 26th.
In other AVX news, SVP Evan M. Slavitt sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $16.14, for a total value of $129,120.00. Following the sale, the senior vice president now owns 28,872 shares of the company’s stock, valued at $465,994.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.
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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