Citigroup Maintains AVX Corporation to Neutral with Price Target $15.00

Brokerage firm Citigroup Maintains its rating on AVX Corporation(NYSE:AVX). In a research note issued to the investors, the brokerage major Raises the price-target to $15.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 28, 2016.

AVX Corporation (AVX) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.035 points. Due to strong positive momentum, the stock ended at $13.38, which is also near the day’s high of $13.45. The stock began the session at $13.35 and the volume stood at 1,76,776 shares. The 52-week high of the shares is $14.32 and the 52 week low is $10.43. The company has a current market capitalization of $2,241 M and it has 16,74,64,540 shares in outstanding.

AVX Corporation(AVX) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $314.82M. Analysts had an estimated revenue of $310.80M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2015, Kurt P Cummings (VP CFO Treasurer and Corporate) sold 18,000 shares at $13.35 per share price.Also, On May 6, 2015, Peter Venuto (Vice President of Sales) sold 2,766 shares at $13.30 per share price.

AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components interconnect devices and related products. AVX operates in three segments: Passive Components Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors radio frequency (RF) thick and thin film components surface mount and leaded tantalum capacitors surface mount and leaded film capacitors ceramic and film power capacitors among others. The KED Resale segment consists primarily of ceramic capacitors frequency control devices surface acoustic wave (SAW) devices sensor products RF modules actuators acoustic devices and connectors produced by Kyocera Corporation and resold by AVX. The Interconnect segment consists primarily of AVX Interconnect automotive telecom and memory connectors manufactured by or for AVX.

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